On 31 July, OFAC advised that 2 Chinese individuals linked to the Xinjiang Production and Construction Corps, and that entity itself, had been added to the sanctions lists. This Chinese government entity and the 2 current or former government officials are listed in connection with alleged serious rights abuses against ethnic minorities in the Xinjiang Uyghur Autonomous Region (XUAR).
https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200731.aspx
On 31 July, OFAC announced the issue of General License 2 “Authorizing Certain Wind Down and Divestment Transactions and Activities Related to Blocked Subsidiaries of the Xinjiang Production and Construction Corps (XPCC)”, as well as a new FAQ 835 explaining the purpose and use of the General License. The General License runs to 30 September and the FAQ warns that, after the expiration of the general authorisation it contains, US persons will be prohibited from engaging in or facilitating transactions with Blocked XPCC Subsidiaries unless exempt or authorised by OFAC.
https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#835
On 30 July, a news release from the US State Department advised that it was designating 22 specific materials used in connection with Iran’s nuclear, military, or ballistic missile programmes. Those who knowingly transfer such materials to Iran are now liable to US sanctions measures. The 22 materials are –
A news release from the FSC on 30 July said that it had announced its commitment to support the financial services industry with the development of a shared ‘know your customer’ (KYC) utility to provide a shared tool for verifying customers’ identity. This could result in reduced costs when taking on new clients, whilst introducing an enhanced degree of assurance as to the quality of these client processes.
https://www.jerseyfsc.org/news-and-events/jfsc-committed-to-helping-industry-with-kyc-utility/
An article in Insight Crime on 31 July said that the Jalisco Cartel New Generation (CJNG) cartel had constructed a hospital, both for the head of the cartel and local residents, is an actual concrete example of Mexico’s criminal groups investing in real infrastructure to garner the support of local communities. The hospital was primarily constructed so that Oseguera Cervantes, who is believed to suffer from kidney disease, could receive treatment without putting himself at risk of capture by authorities.
https://www.insightcrime.org/news/analysis/el-mencho-hospital-mexico/
On 31 July, a Notice from HM Treasury confirmed that Bryan D’ANCONA had been added to the Consolidated List following EU Regulation 2020/1124/EU.
On 31 July, HM Treasury issued a Notice confirming the addition of 6 individuals and 3 entities to the UK Consolidated List following EU Regulation 2020/1125/EU.
On 31 July, Global Trade Review reported that the French bank Natixis has accused Sugih Energy, an Indonesian oil trader with operations in Singapore, of conspiring with scandal-hit trading house Hontop over fraudulent crude oil transactions. It has emerged that Hontop is accused of creating elaborate fake trades in order to obtain financing from Malaysian bank CIMB. Singapore’s oil trading sector has been hit by a wave of fraud allegations, following several high-profile collapses.
EU Regulation 2020/1130/EU includes an update of the entry relating to Khalifa GHWELL, (aka Khalifa AL GHWEIL, Khalifa AL-GHAWAIL and Khalifa Mohamed GHAWIL).
EU Regulation 2020/1128/EU has issued a new list of individuals and entities subject to sanctions under EU Regulation 2580/2001/EC.
raytodd.blog 