K2 Integrity (JD Supra China)

On November 12, 2020, President Trump issued an Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the “Investment EO” or the “EO”).1 The Investment EO may have significant repercussions for companies involved in securities trading as well as the investment sector.

On November 12, 2020, President Trump issued an Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the “Investment EO” or the “EO”).1 The Investment EO may have significant repercussions for companies involved in securities trading as well as the investment sector.

Summary - On September 19, China’s Ministry of Commerce (MOFCOM) released an administrative order – the “Provisions on the Unreliable Entity List” (“the UEL”) – that provides initial procedures for the designation of persons, companies, or organizations that act contrary to China’s interests, as well as laying out possible sanctions.1 While China has not yet targeted any persons or companies...

Summary - On July 14, 2020, President Trump took additional actions to address China’s policies regarding Hong Kong. These actions follow last week’s designation of high-ranking Chinese officials for alleged human rights violations in the Xinjiang Autonomous Region (“Xinjiang”) in western China and have potentially significant implications for corporations, financial institutions, and the...

Summary - In response to Beijing’s moves to impose a controversial national security law on Hong Kong, President Trump announced on May 27th a limited visa ban on Chinese students and possible future steps that could include sanctions on Chinese officials and financial institutions. The announcement followed Secretary of State Michael Pompeo’s certification to Congress that Hong Kong was no...

Growing Chinese illicit finance threats, vulnerabilities, and exposure are combining to increase illicit financing risk in the international financial system, judging from a series of recent advisories, sanctions actions, investigations, and assessments. Discrete illicit financing threats are exacerbated by serious deficiencies in China’s domestic anti-money laundering/countering the financing of