U.S. final rule, Hong Kong-related sanctions regulations

Hong Kong-related sanctions regulations

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department today released for publication in the Federal Register a final rule implementing Hong Kong-related sanctions regulations.

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Read the final rule [PDF 310 KB] (33 pages)

OFAC reported that it is issuing this final rule to implement Hong Kong-related sanctions regulations pursuant to Executive Order 13936 (July 2020) that concluded that “Hong Kong is no longer sufficiently autonomous to justify differential treatment in relation to the People’s Republic of China” under U.S. laws and provisions. The regulations are being published in abbreviated form for the purpose of providing immediate guidance. OFAC stated that it intends to supplement these regulations with a more comprehensive set of regulations that may include additional interpretive and definitional guidance, general licenses, and statements of licensing policy.

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