OFAC issues 3 Communist Chinese Military Companies FAQs

This week, OFAC has published 3 new FAQs relating to the Communist Chinese Military Companies list. See Notices here and here. They say that, for the purposes of Executive Order 13959: 862: US persons are not required to divest their holdings in publicly traded securities of identified Communist Chinese military companies; 863: In relation to covered securities, US persons are …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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