OFAC Removes Some Hong Kong SDNs, Moves Others to Non-SDN Menu-Based List
OFAC has delisted certain individuals and entities from the SDN List under Hong Kong sanctions authorities, while transferring others who remain sanctioned under the Hong Kong Autonomy Act to the Non-SDN Menu-Based Sanctions List (NS-MBS List). Compliance teams must update their screening systems to reflect both the removals and the new list placement, as NS-MBS List designations carry different — but still legally significant — restrictions compared to full SDN blocking. Firms that transact with or custody assets for any of the affected persons need to re-evaluate their obligations immediately.
What to do
- Update sanctions screening tools and watchlist databases to remove delisted names from the SDN List and add transferred names to NS-MBS List screening workflows, then review any existing customer or counterparty relationships against the updated lists.
Who this affects
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Source
Read the official publicationThis radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.