OFAC Updates Chinese Military Industry Sanctions FAQs
The Office of Foreign Assets Control published three new FAQs related to the Chinese Military-Industrial Complex Sanctions, according to a June 1 notice. The FAQs address how U.S. financial institutions must deal with transactions involving Chinese Military-Industrial Complex Companies' (CMIC)…
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securities, how holders of CMIC are affected by dividends, and whether they are required to divest interests.