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In Business / College | 2025-07-07

The parties that must comply with the EAR and OFAC regulations are:
A. All parties to the transaction
B. The Bank, the USPPI, and the FPPI
C. The Freight Forwarder, Carrier, and the Port Operator
D. The Shipper, Ultimate Consignee, and the End User

Asked by joetatham

Answer (2)

The parties required to comply with EAR and OFAC regulations include all entities involved in a transaction, which is critical to ensure adherence to U.S. export laws. Each participant, from shippers to end users, bears responsibility for compliance. Non-compliance can result in significant legal repercussions. ;

Answered by GinnyAnswer | 2025-07-07

All parties to the transaction must comply with EAR and OFAC regulations, including the shipper, ultimate consignee, and end user. Compliance is crucial to adhere to U.S. export laws and avoid severe penalties. Therefore, the correct answer is A. All parties to the transaction.
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Answered by Anonymous | 2025-07-21

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