National security law: Americans banned from entering into transactions with HK leader Carrie Lam and others targeted by sanctions

29-Sep-2020 Intellasia | South China Morning Post | 6:02 AM Print This Post

The US Treasury Department has declared that under sanctions imposed last month over Beijing’s national security law on Hong Kong, no American can enter into transactions that involve targeted officials from the city and mainland China.

Last month, the department’s Office of Foreign Assets Control laid out economic sanctions on Hong Kong leader Carrie Lam Cheng Yuet-ngor and 10 other current and former local and mainland officials, blocking their US-based assets and prohibiting Americans and businesses from dealing with them in general.

In a statement posted on its webpage, the department specified that its citizens were prohibited from transactions with the named officials.

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“US persons should be cautious in dealings with [Hong Kong] government agencies in which an SDN [specially designated national] is an official,” the statement read, adding that this was also to avoid transactions “directly or indirectly” with such individuals.

However, the department added that Americans could enter into Hong Kong government contracts signed by a non-SDN official.

A spokesman for the Hong Kong government said he would not comment on the particulars of the new statement.

“The statement is for Americans… The Hong Kong government has said that the so-called sanctions were groundless. It was the US that was violently interfering with our internal affairs,” he said.

“The city officials affected will not be intimidated. They will continue to perform their duties in safeguarding national security.”

https://sg.news.yahoo.com/national-security-law-americans-banned-174820004.html

 

Category: Hong Kong

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