OFAC CAPTA LIST OF FOREIGN FINANCIAL INSTITUTIONS FOR WHICH OPENING OR MAINTAINING OF A CORRESPONDENT ACCOUNT OR A PAYABLE-THROUGH ACCOUNT IN THE US IS PROHIBITED OR RESTRICTED

On 14th March, a news release from OFAC advised that its so-called “561 List” is being replaced by this new listing mechanism.  The news release also advises of the listing of BANK OF KUNLUN CO LTD (formerly. KARAMAY CITY COMMERCIAL BANK CO LTD.; and/or KARAMAY URBAN CREDIT COOPERATIVES), which had been on the 561 List.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190314.aspx

https://www.treasury.gov/ofac/downloads/capta/captalist.pdf

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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