US ADVISORY HIGHLIGHTS GROWING RISKS ASSOCIATED WITH ACTIONS UNDERTAKEN BY CHINA AND THE GOVERNMENT OF THE HONG KONG – 7 NEW NAMES ADDED TO OFAC SANCTIONS LISTS

On 16 July, a joint Advisory was published by the Departments of State, Commerce, Homeland Security and US Treasury to highlight growing risks that could adversely impact US companies that operate in the Hong Kong SAR.  At the same time, 7 new Chinese names were added to OFAC SDN List.  They are all Deputy Directors of the Liaison Office of the Central People’s Government of the Hong Kong Special Administrative Region (LOCPG).

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210716

The Advisory is at –

https://home.treasury.gov/system/files/126/20210716_hong_kong_advisory.pdf

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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

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