Sanctions Top for the week ending 10 July 2020

  1. The UK announced asset freezes and travel bans against a total of 49 individuals and entities in Myanmar, North Korea, Russia, and Saudi Arabia under the new Global Human Rights Sanctions Regulations 2020. The “Magnitsky-style” sanctions, which target perpetrators of serious human rights abuses, will form part of the UK’s evolving post-Brexit sanctions regime.
  2. The US Office of Foreign Assets Control (OFAC) named four Chinese government officials and one state entity as Specially Designated Nationals (SDNs) under the Global Magnitsky Sanctions program for their roles in human rights abuses in the Xinjiang Uyghur Autonomous Region (XUAR). Meanwhile, the US State Department announced travel bans against three Chinese officials and their immediate family members under Section 7031(c) of the FY 2020 Department of State, Foreign Operations, and Related Programs Appropriations Act.
  3. In related news, the US State Department announced visa restrictions against unnamed Chinese officialssubstantially involved in the formulation or execution of policies related to access for foreigners to Tibetan areas,” under the Reciprocal Access to Tibet Act of 2018. According to the State Department news release, China has restricted access to Tibet by US officials, journalists, and tourists.
  4. OFAC announced a modest USD 134,523 settlement with a US-based online retailer for a slew of apparent violations caused by automated name screening deficiencies. The company also missed a deadline for reporting transactions under a Crimea-related general license, thereby “nullifying” the license with respect to those transactions, according to the OFAC settlement notice.
  5. OFAC removed Eritrean presidential advisor Yemane Gebreab from the SDN List. OFAC sanctioned Gebreab in April 2010 under the Somalia sanctions program for his alleged role in supporting destabilizing activities in Somalia.

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Nicholas Turner

Nicholas Turner

US attorney in Hong Kong specializing in economic sanctions, financial crimes. Sign up for emails: http://eepurl.com/cVhTXf LinkedIn at: http://goo.gl/KX1jER