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OFAC publishes FAQ about Luokung Technology Corp (on the NS-CCMC List)

893. Do the prohibitions in Executive Order 13959, as amended (E.O. 13959), apply with respect to Luokung Technology Corp.?Answer

On March 9, 2021, the Secretary of Defense listed Luokung Technology Corp. (“Luokung”), pursuant to section 4(a)(ii) of E.O. 13959. On May 5, 2021, the U.S. District Court for the District of Columbia issued an order in Luokung Technology Corp. v. Department of Defense (Case No. 1:21-cv-00583-RC) preliminarily enjoining the implementation and enforcement of the E.O. 13959 prohibitions against Luokung. Consequently, the prohibitions in E.O. 13959 do not apply with respect to Luokung pending further order of the Court.

The same thing happened to Xiaomi some time ago…

Links:

OFAC Notice

FAQ 893

Categories: Chinese Military Companies sanctions Frequently Asked Questions (FAQ) Guidance Non-SDN Communist Chinese Military Companies (NS-CCMC) List updates OFAC Updates

eric9to5

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