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Daily Digest for Thursday, July 2, 2020

HKMA Alert: Fraudulent ZA Bank website Random thought of the Day: Executive Order 13894 Lloyd’s Register removes class from 10 sanctioned Venezuelan ships World Bank Debarment: Aaron Ingenieros Constructores & Consultores E.I.R.L. World Bank Debarment: Yooshin Engineering Corporation Easy come, easy go: Venezuela removals

Easy come, easy go: Venezuela removals

Along with the removal of Venezuela General License 37, today, OFAC removed the following entities and vessels from the SDN List: SEAHERO Crude Oil Tanker Bahamas flag; Vessel Registration Identification IMO 9315642 (vessel) [VENEZUELA-EO13850] (Linked To: ADAMANT MARITIME LTD). ADAMANT MARITIME LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, […]

World Bank Debarment: Yooshin Engineering Corporation

PRESS RELEASE JULY 1, 2020 World Bank Group Debars Yooshin Engineering Corporation  WASHINGTON, July 1, 2020 — The World Bank Group today announced the 13-month debarment of Yooshin Engineering Corporation (“Yooshin”), a general engineering and construction supervision company based in the Republic of Korea, in connection with fraudulent practices as part of […]

HKMA Alert: Fraudulent ZA Bank website

11 Jun 2020 Fraudulent website related to ZA Bank Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by ZA Bank Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the […]

Daily Digest for Wednesday, July 1, 2020

HKMA Alert: Fraudulent HSBC website and phishing email Background info: State Department Fact Sheet on Iran Background Info: State Department statement on Hong Kong National Security Legislation European Commission issues opinion on ownership and control issues US issues Xinjiang Supply Chain Business Advisory Time to do your OFAC paperwork!

Time to do your OFAC paperwork!

Reminder to file the 2020 Annual Report of Blocked Property 7/1/2020 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of […]