National security law: Americans banned from entering into transactions with Hong Kong leader Carrie Lam and others targeted by sanctions

The US Treasury Department has declared that under sanctions imposed last month over Beijing’s national security law on Hong Kong, no American can enter into transactions that involve targeted officials from the city and mainland China.Last month, the department’s Office of Foreign Assets Control laid out economic sanctions on Hong Kong leader Carrie Lam Cheng Yuet-ngor and 10 other current and former local and mainland officials, blocking their US-based assets and prohibiting Americans and…

from South China Morning Post https://ift.tt/3cDHYhV
Tony Cheung The US Treasury Department has declared that under sanctions imposed last month over Beijing’s national security law on Hong Kong, no American can enter into transactions that involve targeted officials from the city and mainland China.Last month, the department’s Office of Foreign Assets Control laid out economic sanctions on Hong Kong leader Carrie Lam Cheng Yuet-ngor and 10 other current and former local and mainland officials, blocking their US-based assets and prohibiting Americans and… https://ift.tt/eA8V8J September 27, 2020 at 02:00AM