(NAR) VOL. IV NO. 3 / JULY - SEPTEMBER 1993
Section 2 of the Executive Order states "any person who fails to comply with the requirements of this EO, including the parties involved in these transactions and the government functionary involved in monitoring or regulating these transactions, shall be subject to all appropriate sanctions provided for in the National Internal Revenue Code and other pertinent laws and regulations."This memo circular shall take effect immediately and strict compliance is hereby enjoined.