Small Business Rule Changes — Wednesday, January 4, 2023

Vol. 1 · No. 169 — Wednesday, January 4, 2023

Small business rule changes: 2 entries flagged for owners.

Owner-readable summary of Federal Register, SBA, DOL, OFAC, and compliance updates published on Wednesday, January 4, 2023. Scanned 2 source documents matching small-business terms; 2 warranted a closer look.

Compliance checklist How to read the Register

Postal Service· Notice

Privacy Act of 1974; System of Records

SUMMARY: The United States Postal Service® (USPS) is proposing to revise a Customer Privacy Act System of Records (SOR). The proposed modifications will provide additional transparency into the collection and use of records for the USPS to administer and comply with Bank Secrecy Act (BSA), Anti-Money Laundering (AML)…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

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Department of the Treasury· Notice

Notice of OFAC Sanctions Action

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons whose property and interests in property has/have been unblocked and removed from the List of Specially Designated Nationals and Blocked Persons List (SDN List). Their property and…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

Read full text →PDF