The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) published a featured story detailing its enhanced partnership with the United Kingdom's Office of Financial Sanctions Implementation (OFSI).
In addition, OFAC and OFSI have published a joint guidance document to assist the private sector in understanding its obligations under both the U.S. and UK sanctions regimes, this guidance compares key aspects of both regimes and highlights key similarities and differences. This comparison focuses specifically on topics such as sanctions lists, available licenses, and recordkeeping and reporting requirements. While this guidance provides a general overview of key concepts, you are encouraged to review the most relevant OFAC or OFSI guidance or regulations to address specific questions or concerns.
OFAC also is issuing TCO General License 2, "Authorizing the Wind Down of Transactions Involving CCU Commercial Bank Plc."
Lastly, OFAC has updated its Specially Designated Nationals and Blocked Persons List.
Specially Designated Nationals List Update
The following individuals have been added to OFAC's SDN List:
CHEN, Bo, Cambodia; DOB 05 Sep 1982; POB China; nationality Cambodia; alt. nationality Vanuatu; alt. nationality China; alt. nationality Burma; Gender Male; Passport N00079594 (Cambodia) issued 01 Dec 2014 expires 01 Dec 2024; alt. Passport RV051092 (Vanuatu); alt. Passport EB8938194 (China); alt. Passport MC492481 (Burma) (individual) [TCO] (Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
DAI, An (a.k.a. DAI, Dewen), Cambodia; DOB 28 Oct 1984; POB Hubei, China; nationality Cambodia; alt. nationality Cyprus; alt. nationality Vanuatu; Gender Male; Passport N01099995 (Cambodia) issued 16 Jan 2018 expires 16 Jan 2028; alt. Passport RV074602 (Vanuatu); alt. Passport K00423598 (Cyprus) (individual) [TCO] (Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
FANG, Zhizhen (Chinese Simplified: 方智振) (a.k.a. "KOFI"), Cambodia; Singapore; DOB 20 Mar 1987; POB Yiwu, China; nationality China; Gender Male; Passport E90466172 (China) issued 06 Jan 2017 expires 05 Jan 2027; National ID No. 330782198703204516 (China) (individual) [TCO] (Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
HO, Ho Ming (Chinese Traditional: 何浩銘) (a.k.a. "HO, Henry"), New Territories, Hong Kong, China; DOB 31 Oct 1988; POB Hong Kong; nationality Hong Kong; Gender Male; Passport H20638289 (Hong Kong) issued 02 Feb 2021 expires 02 Feb 2031; National ID No. Z938075 (Hong Kong) (individual) [TCO] (Linked To: HU, Xiaowei).
KONG, Ka On (Chinese Traditional: 江嘉安), Kowloon, Hong Kong, China; DOB 03 Jun 1983; POB Hong Kong; nationality Hong Kong; Gender Male; National ID No. Z512299 (Hong Kong) (individual) [TCO] (Linked To: HU, Xiaowei).
LI, Hui (Chinese Traditional: 李煇), Hong Kong, China; DOB 11 Jan 2001; nationality Hong Kong; Gender Male; National ID No. F535846 (Hong Kong) (individual) [TCO] (Linked To: HU, Xiaowei).
LUO, Brendon (a.k.a. LUO, Pinghua (Chinese Simplified: 罗平华)), Singapore; DOB 27 Nov 1987; POB Hunan, China; nationality Cambodia; alt. nationality Cyprus; Gender Male; Passport K00448541 (Cyprus) (individual) [TCO] (Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
QIU, Weiren (a.k.a. QIU, Dong), London, United Kingdom; DOB 28 Sep 1987; POB Fujian, China; nationality Saint Kitts and Nevis; alt. nationality Cyprus; Gender Male; Passport RE0072768 (Saint Kitts and Nevis) issued 11 Sep 2018 expires 10 Sep 2028; alt. Passport K00459432 (Cyprus) (individual) [TCO] (Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
RUEDA CARDERO, Annalie Lilliam, Cuba; DOB 28 Jan 1985; POB Havana, Cuba; nationality Cuba; Gender Female; National ID No. 85012804859 (Cuba) (individual) [CUBA-EO14404] (Linked To: CASTRO ESPIN, Alejandro).
The following entities have been added to OFAC's SDN List:
ALMACENES UNIVERSALES S.A., Fabrica No. 54 e/ Aspuru y Linea del Ferrocarril, Habana Vieja, Havana, Cuba; Organization Established Date 28 Jan 1994; Organization Type: Cargo handling; Tax ID No. 11.791.301/0001-05 (Brazil); Entity Code 60297 (Cuba) [CUBA-EO14404] (Linked To: GRUPO DE ADMINISTRACION EMPRESARIAL S.A.).
BANCO FINANCIERO INTERNACIONAL S.A. (a.k.a. "BFI"), 5ta Ave. No. 9009 esq. 92, Playa, Havana, Cuba; SWIFT/BIC BFICCUHH; Organization Established Date 13 Oct 1984; Target Type Financial Institution; alt. Target Type State-Owned Enterprise; Entity Code 60210 (Cuba) [CUBA-EO14404].
CCU COMMERCIAL BANK PLC., No.15, Preah Monivong Blvd, Phum 5, Sangkat Boeng Trabaek, Phnom Penh, Phnom Penh, Cambodia; SWIFT/BIC CLMCKHPPXXX; Organization Established Date 24 Dec 2020; Target Type Financial Institution; Tax ID No. L001-902100065 (Cambodia); Registration Number 00056269 (Cambodia) [TCO] (Linked To: CHEN, Bo).
CHARCO CHARCO HOLBORN LIMITED, 83-93 Southampton Row, London, United Kingdom; Organization Established Date 03 Jul 2024; Organization Type: Restaurants and mobile food service activities; Company Number 15817972 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
CHASCA LONDON LIMITED, London, United Kingdom; Organization Established Date 23 Mar 2023; Organization Type: Real estate activities on a fee or contract basis; Company Number 14752579 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
CHINA RESERVE SECURITIES LIMITED (Chinese Traditional: 東儲證券有限公司), Units 2005-2006A, 20/F, K11 Atelier, No. 18 Salisbury Road, Tsim Sha Tsui, Hong Kong, China; SWIFT/BIC JAASHKH1XXX; Website crs.co; Organization Established Date 11 Jan 1999; Organization Type: Financial and Insurance Activities; Registration Number 22200353 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
CLOUD NINE NO. 4 LEASING COMPANY LIMITED (Chinese Traditional: 九璽雲四號租賃有限公司), Unit C, 7/F., On Hing Building, No. 1 On Hing Terrace, Central, Hong Kong, China; Organization Type: Passenger air transport; Business Registration Number 69433010 (Hong Kong) [TCO] (Linked To: CHEN, Bo).
CN BREEZE LIMITED, Hong Kong, China; Organization Established Date 02 Jul 2021; Business Registration Number 73139135 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
CN CRYSTAL LIMITED, Hong Kong, China; Organization Established Date 02 Jul 2021; Business Registration Number 73139088 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
CUBAN TRADING UK LTD, London, United Kingdom; Organization Established Date 05 Feb 2025; Organization Type: Wholesale of food, beverages and tobacco; Company Number 16229981 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
DTX WINNERS CLUB LIMITED, London, United Kingdom; Website https://winner8games.com; Organization Established Date 10 Jul 2023; Organization Type: Gambling and betting activities; Company Number 14992620 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
EAGLE FORTITUDE LIMITED, Virgin Islands, British; Organization Established Date 29 May 2019; Registration Number 2014259 (Virgin Islands, British) [TCO] (Linked To: HU, Xiaowei).
EAST LINK LONDON LTD, Unit 004 Avro House, Havelock Terrace, London, United Kingdom; Website https://eastlinklondon.com; Organization Established Date 06 Jan 2023; Organization Type: Retail sale of food in specialized stores; Company Number 14575184 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
EMPRESA SIDERURGICA JOSE MARTI (a.k.a. ANTILLANA DE ACERO), Calle 20 No 10522, Cotorro, Havana, Cuba; Organization Established Date 04 May 1958; Organization Type: Manufacture of basic iron and steel; Entity Code 1101 (Cuba) [CUBA-EO14404].
FORTUNE NETWORK TECHNOLOGY LTD, London, United Kingdom; Website https://fortunenetworktechnologyltd.com; Organization Established Date 12 Jan 2025; Organization Type: Advertising; Company Number 16177824 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
FUTURE COSMOS LIMITED (a.k.a. CLOUD NINE NO. 6 LEASING COMPANY (Chinese Traditional: 九璽雲六號租賃有限公司)), Unit 2004, 20/F, K11 Atelier, No. 18 Salisbury Road, Tsim Sha Tsui, Hong Kong, China; Organization Established Date 30 May 2018; Organization Type: Activities of holding companies; Legal Entity Number 98450095XC85G0D9A130; Business Registration Number 69433109 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
FUTURE COSMOS ONE LIMITED (a.k.a. CLOUD NINE NO. 1 LEASING COMPANY LIMITED (Chinese Traditional: 九璽雲一號租賃有限公司)), Hong Kong, China; Organization Established Date 07 May 2018; Business Registration Number 69320546 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
FUTURE COSMOS TWO LIMITED (a.k.a. CLOUD NINE NO. 2 LEASING COMPANY LIMITED (Chinese Traditional: 九璽雲二號租賃有限公司)), Hong Kong, China; Organization Established Date 07 May 2018; Business Registration Number 69320562 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
FUTURE KING INC., Units 2004-2005A, 20/F, K11 Atelier, No. 18 Salisbury Road, Tsim Sha Tsui, Hong Kong, China; Virgin Islands, British; Organization Established Date 17 Feb 2017; Organization Type: Activities of holding companies; Legal Entity Number 254900MYMMKCN8E4GB42; Registration Number 1937304 (Virgin Islands, British) [TCO] (Linked To: HU, Xiaowei).
FUTURE OASIS PTE. LTD., Singapore; Organization Established Date 05 Apr 2022; Organization Type: Trusts, funds and similar financial entities; Registration Number 202211667K (Singapore) [TCO] (Linked To: HU, Xiaowei).
FUTURE WING FINANCIAL COMPANY LIMITED (Chinese Traditional: 東融財富有限公司), Units 2004-2005A, 20/F, K11 Atelier, No. 18 Salisbury Road, Tsim Sha Tsui, Hong Kong, China; Website futurewing.co; Organization Established Date 12 Nov 2019; Organization Type: Trusts, funds and similar financial entities; Business Registration Number 71356127 (Hong Kong) [TCO] (Linked To: HU, Xiaowei).
GEOMINERA, S.A., Calzada de Guines S/N E/ Virgen del Camino y Calle Linea del Ferrocarril, RPTO Los Angeles, Havana, Cuba; Organization Established Date 01 Jan 1998; Organization Type: Extraction of salt; Entity Code 60274 (Cuba) [CUBA-EO14404].
HALO NETWORK TECHNOLOGY LTD (a.k.a. "HALOCHAT"), United Kingdom; Website https://www.halochat.io; Organization Established Date 15 Jan 2025; Organization Type: Wireless telecommunications activities; Company Number 16187338 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
LEISURE FOCUS LIMITED, Virgin Islands, British; Organization Established Date 02 Jul 2020; Company Number OE006449 (United Kingdom); Legal Entity Number 213800RRNJYQJMWRX112; Registration Number 2039057 (Virgin Islands, British) [TCO] (Linked To: HU, Xiaowei).
LUFFA TECHNOLOGY NETWORK COMPANY LIMITED, London, United Kingdom; Organization Established Date 17 Oct 2023; Organization Type: Wireless telecommunications activities; Company Number 15217074 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
MINGMEN LONDON LTD, London, United Kingdom; Organization Established Date 05 Aug 2022; Organization Type: Restaurants and mobile food service activities; Company Number 14278434 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
RAFIN S.A., Ave. Del Puerto Esq. A Obrapia, Edif. La Marina, La Habana Vieja, Havana, Cuba; Organization Established Date 28 Feb 1999; Organization Type: Management consultancy activities; Entity Code 60448 (Cuba) [CUBA-EO14404].
ROCKET SANDBOX LTD, United Kingdom; Organization Established Date 13 Aug 2025; Organization Type: Computer programming activities; Company Number 16649099 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
TERRA COTTA WARRIORS ISLE OF DOGS LTD, United Kingdom; Organization Established Date 25 Jul 2019; Organization Type: Real estate activities with own or leased property; Company Number 12122640 (United Kingdom) [TCO] (Linked To: KONG, Ka On).
TYCOON YACHTS HK LIMITED, Hong Kong, China; Organization Established Date 28 Apr 2021; Business Registration Number 72934643 (Hong Kong) [TCO] (Linked To: KONG, Ka On).
WHITE HORSE HOTEL MANAGEMENT GROUP COMPANY LIMITED, Bangkok, Thailand; Organization Established Date 08 Feb 2018; Organization Type: Short term accommodation activities; Registration Number 0105561025511 (Thailand) [TCO] (Linked To: YANG, Yanming).
The following deletions have been made to OFAC's SDN List:
KRUGOVOV, Anton Alekseevich (Cyrillic: КРУГОВОВ, Антон Алексеевич) (a.k.a. KRUGOVOV, Anton Alekseyevich), Russia; DOB 08 Aug 1981; POB Kurchatov, Russia; nationality Russia; citizen Russia; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 718255951 (Russia); National ID No. 2006744304 (Russia) (individual) [RUSSIA-EO14024] (Linked To: MAJORY LLP; Linked To: OOO SERNIYA INZHINIRING).
KRUGOVOV, Anton Alekseyevich (a.k.a. KRUGOVOV, Anton Alekseevich (Cyrillic: КРУГОВОВ, Антон Алексеевич)), Russia; DOB 08 Aug 1981; POB Kurchatov, Russia; nationality Russia; citizen Russia; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 718255951 (Russia); National ID No. 2006744304 (Russia) (individual) [RUSSIA-EO14024] (Linked To: MAJORY LLP; Linked To: OOO SERNIYA INZHINIRING).
TOPCHI, Tamara Aleksandrovna, Russia; DOB 04 Mar 1979; POB Voronezh, Russia; nationality Russia; citizen Russia; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024.; National ID No. 2003490198 (Russia) (individual) [RUSSIA-EO14024] (Linked To: INVENTION BRIDGE SL).
PUZYRNIKOVA, Natalya Vladislavovna, Moscow, Russia; DOB 1979; nationality Russia; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024. (individual) [RUSSIA-EO14024].
The following changes have been made to OFAC's SDN List:
CHEN, Xiao'er, Frigate Bay, Saint Kitts and Nevis; DOB 01 May 1982; nationality Saint Kitts and Nevis; Gender Male; Passport RE00660066 (Saint Kitts and Nevis) (individual) [TCO] (Linked To: GRAND LEGEND INTERNATIONAL ASSET MANAGEMENT GROUP CO. LTD.). -to- HU, Xiaowei (Chinese Simplified: 胡小伟) (a.k.a. CHEN, Xiao'er (Chinese Traditional: 陳小二); a.k.a. WU, An Ming (Chinese Traditional: 胡晏銘); a.k.a. "HU, Shi"), Frigate Bay, Saint Kitts and Nevis; Hong Kong, China; DOB 01 May 1982; POB Jiangsu, China; nationality Saint Kitts and Nevis; Gender Male; Passport RE0066066 (Saint Kitts and Nevis); alt. Passport HJ2068539 (Hong Kong) issued 05 May 2020 expires 05 May 2030; alt. Passport RE0107642 (Saint Kitts and Nevis) issued 10 May 2021 expires 09 May 2031; National ID No. M200114 (Hong Kong) (individual) [TCO] (Linked To: GRAND LEGEND INTERNATIONAL ASSET MANAGEMENT GROUP CO. LTD.; Linked To: PRINCE GROUP TRANSNATIONAL CRIMINAL ORGANIZATION).
Unrelated Administrative List Changes:
None