US issues advisory highlighting risks of doing business in South Sudan

Reuters

(Reuters) – The Biden administration issued a business advisory for South Sudan on Monday, urging U.S. businesses and citizens in the region to undertake “robust due diligence” on corruption and human rights issues or abuses, according to a statement from the State Department.

“The advisory highlights the growing reputational, financial, and legal risks to U.S. businesses and Americans conducting business or transactions with companies that have significant ties to South Sudan’s extended transitional government or that are controlled by family members of government officials,” the State Department said in the statement.

(Reporting by Ismail Shakil in Ottawa; editing by Jasper Ward)

Related News:   Biden’s Climate Agenda Sets Sights On Crucial Sector Of The American Economy

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.