OFAC Issues Guidance on Sanctioned Chinese Military Companies
By EsqSocial Corporation 04/01/21
On December 28, 2020, the Department of the Treasury Office of Foreign Assets Control (OFAC) published awaited guidance on the implementation of Executive Order (EO) 13959, “Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies,” which President Trump issued on November 12, 2020. EO 13959 will prohibit, as of January 11, 2021, purchases by U.S. persons of certain securities issued by so-called Communist Chinese military companies....
By: WilmerHale