US Slaps Sanctions On Carrie Lam, 10 Others

"); jQuery("#212 h3").html("

"); });
2020-08-07 HKT 22:37
The United States on Friday imposed sanctions against Chief Executive Carrie Lam and 10 other top Hong Kong and mainland officials, freezing their assets and prohibiting them from carrying out any kind of business in the country, in light of Beijing's imposition of the national security law in the SAR.
Others hit with sanctions include Police Commissioner Chris Tang, his predecessor Stephen Lo, Justice Secretary Teresa Cheng, Security Secretary John Lee, Hong Kong and Macau Affairs Office director Xia Baolong, his deputy Zhang Xiaoming, and liaison office chief Luo Huining.
Also on the list are director of the new Office For Safeguarding National Security Zheng Yanxiong, the secretary general of the Committee For Safeguarding National Security and CE office head Eric Chan, and Secretary for Constitutional and Mainland Affairs Erick Tsang.
"Carrie Lam is the Chief Executive directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes," the US Treasury Department said.
It noted that police chief Tang had enthusiastically supported the security law and said it was his officers who "besieged Hong Kong Polytechnic under his leadership, along with arresting hundreds of protesters". When Lo was in charge of the force last year, "over 4,000 protesters were arrested and 1,600 injured in clashes," the department added.
"Today's actions send a clear message that the Hong Kong authorities' actions are unacceptable," Secretary of State Mike Pompeo said in a statement.
"The United States stands with the Hong Kong people," he added.
A statement on the Treasury Department website said: "all property and interests in property of the individuals named above, and of any entities that are owned, directly or indirectly, 50 percent or more by them, individually, or with other blocked persons, that are in the United States or in the possession or control of US persons, are blocked and must be reported to the Office of Foreign Assets Control (OFAC)."
"The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods or services from any such person."
HK Police And Regional Partners Arrest Over 1,800 In Cross-Border Scam Crackdown
In a major cross-border crackdown, Hong Kong police and law enforcement agencies from six countries and regions arreste... Read more
Tiger Brokers To Double Hong Kong Team As It Targets Offshore Chinese Wealth
Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chines... Read more
Behind The Unicorn: The Startup Struggles You Dont See Ft. Tessa Wijaya, Xendit
In this episode of Fintech Fireside Asia, I sit down with Tessa Wijaya, Co-founder and COO of Xendit, one of Southeast ... Read more
SFC Updates Guidance To Non-Face-to-Face Account Opening
The Securities and Futures Commission (SFC) has updated its guidance on acceptable non-face-to-face (NFTF) account open... Read more
NTTs Mobile Arm Set To Acquire SBI Sumishin Net Bank In US$5.1 Billion Deal
NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumi... Read more
Visa Click To Pay Goes Live In Hong Kong Via ZA Bank
Visa, a digital payments provider, has announced a partnership with ZA Bank to roll out Click to Pay in Hong Kong today... Read more