Communist Chinese Military Companies

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What You Need to Know

  • Key takeaway #2: Contractors should also be aware of any 1260H-listed entities in their supply chains and implement supply chain screening procedures to ensure compliance with the Entity Prohibition and Goods and Services Prohibition from Section
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    On January 27, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 1A, “Authorizing Transactions Involving Securities of Certain Communist Chinese Military Companies,” (“GL 1A”) which amends and replaces General License 1 that had been initially issued on January 8, 2021.  OFAC has also published related frequently asked…