OFAC FAQ (Current) # 899 - Chinese Military Companies Sanctions

Date issued: Jun. 03 2021

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TURBOFAC Commentary (63 words)


1) FAQ specifies that the "closely matches" policy articulated in now-removed FAQ # 858 does not apply to the revised version of EO 13959. The 60-day grace period prior to the imposition of any prohibition applies even to entities that were previously on the NS-CCMC list, and the divestment window clock starts from day 1 as of June 3, 2021.