OFAC
Total 7 Posts
China Pushes Back on U.S. Drone Related Sanctions
The U.S. Treasury Department recently sanctioned two Chinese entities for helping Russia to build drones. China's Ministry of Commerce pushed back today, claiming that China has "strict control measures" over dual-use drones.
U.S. Treasury Sanctions Chinese Fishing Fleets for Rights Abuses
Last week, the U.S. Treasury Department announced that it would sanction certain Chinese distant water fishing fleets for various abuses, including their labor and environmental practices.
U.S. Treasury's Latest Iran Oil Sanctions Hit Chinese Firms
Yesterday, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed new sanctions in relation to purchases of Iranian petroleum and petrochemical products, with sales to China implicated by the measures.
U.S. Treasury Lists Chinese Companies and Individual for Illicit Drugs
On December 15, the U.S. Treasury Department added one Chinese individual and
several Chinese companies to a designated list on the basis of their involvement
in illicit drug trade. The designated persons and related personnel would be
subject to sanctions, including blocking assets and denial of entrance into the
DJI and Other Chinese Companies Added To U.S. Treasury Investment Blacklist
The Office of Foreign Assets Control at the U.S. Treasury Department has
[https://www.federalregister.gov/documents/2021/12/22/2021-27642/notice-of-ofac-sanctions-actions]
added
[https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211216]
the Chinese company DJI, a maker of drones, and seven other Chinese companies to
its non-SDN Chinese Military-Industrial
SenseTime Added To U.S. Treasury Investment Blacklist
On Friday, the Office of Foreign Assets Control at the U.S. Treasury Department
added
[https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211210]
the Chinese company SenseTime to its non-SDN Chinese Military-Industrial
Complex
Companies List
[https://home.treasury.gov/policy-issues/financial-sanctions/consolidated-sanctions-list/ns-cmic-list]
, which would effectively mean that Americans are
Three U.S. Senators Call For Penalties Against Chinese “Internet of Things” Company
On September 9, U.S. Senators Marco Rubio (R-FL), Rick Scott (R-FL), and Tom
Cotton (R-AR) sent a letter to Treasury Secretary Janet Yellen expressing
concern about Chinese “Internet of Things” (IoT) company Tuya, and asking the
Treasury Department to add Tuya to a “Chinese Military-Industrial Complex
Companies List,” which