On December 28, 2020, the Office of Foreign Assets Control (OFAC) at the United States Department of the Treasury published a series of Frequently Asked Questions (FAQs) clarifying a number of significant uncertainties related to the Nov. 12, 2020 Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the “Investment EO” or the “EO”).
OFAC also published an updated list of Communist Chinese Military Companies subject to these prohibitions, including their official names, akas, and equity tickers. OFAC issued three additional sets of FAQs, one on January 4 and two on January 6, 2021. This policy alert will examine the guidance and the implications for the private sector.
Finding this content useful?
DOLFIN is the premier portal for financial crimes and sanctions compliance. You can learn more here, or if you want to see it in action, schedule a demo or request a free trial.
Apply now for access to our extensive set of resources and keep you and your company informed on the latest regulations and sanctions and build your financial integrity.