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In Law / College | 2025-07-07

Select the appropriate response.

OFAC Regulations and the SDN List are not limited to Export transactions and also apply to Import transactions.

A. True
B. False

Asked by joetatham

Answer (2)

Yes, OFAC Regulations and the SDN List apply to both imports and exports, enforcing sanctions on designated individuals and countries. Companies must ensure compliance to avoid penalties. This highlights the importance of understanding the scope of these regulations in international trade. ;

Answered by GinnyAnswer | 2025-07-07

OFAC Regulations and the SDN List apply to both exports and imports, making the statement true. Businesses must ensure compliance to avoid penalties and risks associated with international trade. Violations can lead to significant legal repercussions.
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Answered by Anonymous | 2025-07-21

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