OFAC TARGETS SERIOUS HUMAN RIGHTS ABUSE ABOARD DISTANT WATER FISHING VESSELS BASED IN THE PEOPLE’S REPUBLIC OF CHINA

On 9 December, OFAC advised that it has designated sanctioned 2 individuals, Li Zhenyu and Xinrong Zhuo, and the networks of entities they control, including Dalian Ocean Fishing Co Ltd and Pingtan Marine Enterprise Ltd along with 8 other affiliated entities.  Additionally, this action identifies 157 PRC-flagged fishing vessels in which these entities have an interest.

https://home.treasury.gov/news/press-releases/jy1154

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20221209

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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