Chinese military sanctions ofac
WebFeb 4, 2024 · During the first half of January, the Trump Administration continued to expand the ban on trading related to the public securities of designated Communist Chinese military companies (“CCMCs”). Meanwhile, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued additional guidance on how the ban applies to … WebFeb 1, 2024 · On December 28, 2024, OFAC published its initial list of entities subject to EO 13959, designating these entities “Non-SDN Communist Chinese Military Companies” (the NS-CCMC List). The NS-CCMC list, which was updated on January 8, 2024, includes the 44 DoD designations and also identifies a number of entities whose names exactly or closely ...
Chinese military sanctions ofac
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WebJun 11, 2024 · 1 See our November 17, 2024 client alert discussing EO 13959, “US Imposes New Restrictions on Chinese Military Companies.” 2 OFAC, Frequently Asked Questions 900. 3 OFAC, Frequently Asked Questions 863. 4 OFAC, Frequently Asked Questions 865. 5 OFAC, Frequently Asked Questions 902, 903 and 904. 6 OFAC, Frequently Asked … WebB. THE NON-SDN CHINESE MILITARY-INDUSTRIAL COMPLEX COMPANIES LIST In furtherance of implementing Amended E.O. 13959, OFAC has created a new list, the Non-SDN Chinese Military-Industrial Complex Companies List (the “NS-CMIC List”). As of June 4, 2024, the NS-CMIC List contains the 59 entities identified in the Annex to Amended …
WebMar 31, 2024 · The Global Magnitsky Sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are … WebMar 2, 2024 · In November 2024, the Trump administration used the Communist Chinese Military Companies (CCMC) list to create a new non-SDN sanctions program to ban U.S. persons from purchasing or selling publicly traded securities of designated persons, which were defined as those operating in the defense or related materiel sector and supporting …
WebOFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to the Chinese Military Companies Sanctions. General licenses allow all US persons to engage in the activity described in the general license without needing … WebCHANGES TO THE Non-SDN Communist Chinese Military Companies List SINCE JANUARY 1, 2024 Non-SDN Communist Chinese Military Companies Sanctions List …
WebSep 25, 2024 · Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a new FAQ relating to a determination by the Secretary of State that COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. met the criteria for the imposition of sanctions under E.O. …
WebJun 10, 2024 · OFAC will subsequently refer to entities on the NS-CMIC List as “Chinese Military-Industrial Complex Companies” or “CMICs.” The CMIC Annex now includes 59 Chinese companies, including 33 additional entities not included in the previous NS-CCMC List or related lists maintained by the Department of Defense (“DoD”). diary\\u0027s mfWebLate on January 8, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published its first general license under the new Chinese Military … citi flight creditdiary\u0027s mhWebFeb 16, 2024 · OFAC is issuing the Chinese Military-Industrial Complex Sanctions Start Printed Page 8736 Regulations, 31 CFR part 586 (the “Regulations”), to implement … diary\\u0027s mhWebJun 11, 2024 · 1 See our November 17, 2024 client alert discussing EO 13959, “US Imposes New Restrictions on Chinese Military Companies.” 2 OFAC, Frequently Asked … diary\u0027s m7WebJun 16, 2024 · On 3 June 2024, President Biden signed an Executive Order ( EO14032) overhauling the sanctions regime introduced by the Trump administration that targeted securities linked to so-called “Communist Chinese Military Companies” ( CCMCs ). As compared with Executive Order ( EO13959 ), which introduced the CCMC sanctions … diary\\u0027s moWebApr 5, 2024 · List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (ns-CAPTA List) Menu-based Sanctions List (ns-MBS List) Chinese Military-Industrial Complex Companies List (ns-CMIC List) Other OFAC Sanctions Lists; Sanctions Programs. Russia-related Sanctions; Iran Sanctions; … citi florence ky jobs