If you have clients who trade in Belarus, read on. Treasury has issued a new section (Part 548)* to the Belarus regulations that exist pursuant to Executive Order 1343, "Blocking Property of Certain Persons Undermining Democratic Processes or Institutions in Belarus." The regs are attempting to block transactions for individuals or entities that engage in public corruption, undermine democracy, and commit human rights abuses related to the political situation. 

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.