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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 […]

US issues Xinjiang Supply Chain Business Advisory

From OFAC: Publication of Xinjiang Supply Chain Business Advisory 7/1/2020 On July 1, the U.S. Departments of State, Commerce, Homeland Security, and Treasury issued an advisoryon the risks for businesses with potential exposure in their supply chain to entities engaged in human rights abuses in the Xinjiang Uyghur Autonomous Region (Xinjiang) . […]