Frequently Asked Questions

851. How will the following key terms in section 5(b) of the Hong Kong Autonomy Act (HKAA) be defined: “financial institution” and “knowingly”?

… How will the following key terms in section 5(b) of the Hong Kong Autonomy Act (HKAA) be defined: “financial institution” and “knowingly”? … How will the following key terms in section 5(b) of the Hong Kong Autonomy Act (HKAA) be defined: “financial… Read more

849. Can a foreign financial institution (FFI) be excluded or removed from the Section 5(b) Report so that sanctions under the Hong Kong Autonomy Act (HKAA) would not apply?

… (FFI) be excluded or removed from the Section 5(b) Report so that sanctions under the Hong Kong Autonomy Act (HKAA) would not apply? … (FFI) be excluded or removed from the Section 5(b) Report so that sanctions under the Hong Kong Autonomy Act (HKAA) would not… Read more

850. How does the Treasury Department determine whether a transaction is “significant” for purposes of section 5(b) of the Hong Kong Autonomy Act (HKAA)?

… determine whether a transaction is “significant” for purposes of section 5(b) of the Hong Kong Autonomy Act (HKAA)? … determine whether a transaction is “significant” for purposes of section 5(b) of the Hong Kong Autonomy Act (HKAA)? …

848. What are the sanctions implications of the Secretary of State’s October 14, 2020 report to Congress pursuant to section 5(a) of the Hong Kong Autonomy Act (HKAA), and subsequent updates of this report, identifying foreign persons that are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the Government of China to meet its obligations under the Joint Declaration or the Basic Law?

… has updated the SDN List to include the language, “Secondary sanctions risk: pursuant to the Hong Kong Autonomy Act of 2020 – Public Law 116–149.” … the Secretary of State’s October 14, 2020 report to Congress pursuant to section 5(a) of the Hong Kong Autonomy… Read more

840. If an official of the Government of the Hong Kong Special Administrative Region (HKSAR) is designated as a Specially Designated National (SDN), does that mean that the HKSAR government is blocked? What are the prohibitions on U.S. persons dealing with a designated HKSAR government official?

… If an official of the Government of the Hong Kong Special Administrative Region (HKSAR) is designated as a Specially Designated National … If an official of the Government of the Hong Kong Special Administrative Region (HKSAR) is designated as a Specially… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence