OFAC FAQ (Removed) # 872 - Chinese Military Companies Sanctions

Date issued: Jan. 14 2021

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TURBOFAC Commentary (160 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 read as they did on June 3, 2021.

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Notes:

1) See consolidated commentary on EO 13959, as amended by EO 13974, refer to Consolidated Comment on the CCMC EO, as Amended. See section II(vii) for discussion of the operation of the "divestment carveout."

This FAQ reflects the way in which the EO amending EO 13959 altered the scope of the prohibition of EO...