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TTB Outlines Requirements for Alcohol Facts Labels
May 7, 2014 by Brian Feito|Treasury Dept.

The Treasury Department’s Alcohol Tax and Trade Bureau (TTB) posted to its website a new FAQ on optional alcohol facts statements. TTB rules allow for alcohol facts labels that are similar to serving facts labels but instead show the number of servings per container, and the percentage of alcohol by volume together with a numerical statement of the number of fluid ounces of pure ethyl alcohol per serving. Any nutrient statements still have to be made on a serving facts label, but both may be placed on the same container, said TTB.

OFAC Levels Sanctions on South Sudanese Rival Leaders
May 7, 2014 by Brian Dabbs|Treasury Dept.

The Treasury Department’s Office of Foreign Assets Control (OFAC) added two South Sudanese individuals to the Specially Designated Nationals List on May 6 for fueling internecine conflict in the country that has continued unabated in recent months. The two individuals are as follows:

ATF Creates New Form for Firearm Importer 'Marking Variance' Requests
May 1, 2014 by Brian Feito|Treasury Dept.

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) announced on April 29 the creation of a new form to streamline requests from firearm manufacturers and importers for marking variances. Generally, firearms must be marked with specific identifying information, but ATF can allow a “marking variance” if the manufacturer or importer shows that the alternative form of identification “is reasonable and will not hinder the effective administration of the law,” says ATF. According to the agency, new ATF Form 3311.4 simplifies the process for asking for a marking variance by specifically requesting information required to process a request, “thus eliminating delays caused when a request omits needed information.”

OFAC Amends Syrian Sanctions Regulations to Implement Executive Orders
May 1, 2014 by Brian Dabbs|Treasury Dept.

The Treasury Department's Office of Foreign Assets Control (OFAC) is amending the Syrian Sanctions Regulations to implement a series of applicable executive orders issued from 2006 to 2012. OFAC is also updating certain provisions of the regulations, making other technical changes and reissuing the regulations in their entirety.