OFAC PUBLISHES NEW HONG KONG SANCTIONS FAQ AND AMENDS 10 ENTRIES

On 14 October, OFAC published 4 new FAQ relating to sanctions under the Hong Kong Autonomy Act, addressing such questions as: how does the Treasury Department determine whether a transaction is “significant”, and what “knowingly” and “financial institution” means.  At the same time, 10 existing entries on the sanctions list are amended.

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/848

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/849

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/850

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/851

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201014

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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