OFAC SANCTIONS DESIGNATIONS – HONG KONG, IRAN, GLOBAL MAGNITSKY, COUNTER-TERRORISM AND NON-PROLIFERATION REGIMES; PLUS HONG KONG SANCTIONS REGULATIONS

On 15 January, OFAC advised a number of new additions to its sanctions lists.  There are 9 individuals and 5 entities added, with 6 other existing entries (including IRISL) being amended.  Those designated included the Cuban Ministry of the Interior, Lazaro Alberto Álvarez Casas.  OFAC has also published new regulations to implement Executive Order EO 13936 re Hong Kong and OFAC says that it intends to supplement them with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licences and statements of licensing policy.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210115

https://home.treasury.gov/news/press-releases/sm1237

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210115_33

https://home.treasury.gov/system/files/126/fr86_3793.pdf

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, 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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