OFAC FAQ (Removed) # 864 - Chinese Military Companies Sanctions

Date issued: Jan. 06 2021

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TURBOFAC Commentary (257 words)

UPDATE: on June 3, 2021, the President issued EO 14032, thereby significantly altering the nature of the sanctions related to Chinese military company securities. This FAQ was removed on June 3, 2021 in light of the changes to the Chinese military company sanctions regime made by EO 14032. Unless specified otherwise, the notes below the asterisks read as they did on June 3, 2021.

Note the final sentence: "The prohibition in section 1(a)(i) of E.O. 13959 takes effect at 9:30 a.m. eastern time on January 11, 2021. Compliance with this prohibition is measured by trade date, rather than settlement date." The "trade date, rather than settlement date" specification does not appear in any FAQ issued on June 3, 2021, but should be presumed to apply to EO 13959 as amended by EO 14032.

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