OFAC: COMMUNIST CHINESE MILITARY COMPANIES GENERAL LICENSE AND RELATED FAQ

On 27 January, OFAC advised the issue of General License 1A (Authorizing Transactions Involving Securities of Certain Communist Chinese Military Companies) and 2 related FAQ.  One FAQ explains what the General License covers and the other deals with queries about transactions with entities identified as subsidiaries of a Communist Chinese military company (CCMC).

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/879

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/878

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210127

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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 View all posts by raytodd2017