Treasury Quietly Unfreezes Some Hong Kong Sanctions Names
Published Date: 7/22/2026
Notice
Summary
The U.S. Treasury’s OFAC just cleaned house! Some folks tied to Hong Kong sanctions got their names wiped off the blocked list, meaning their property is no longer frozen. Others stayed on but got moved to a different list with lighter restrictions, all because the emergency order ended on July 14, 2026.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Some Hong Kong Sanctioned Persons Unblocked
OFAC removed certain named persons from the SDN (Specially Designated Nationals) List, and their property and interests in property subject to U.S. jurisdiction are no longer blocked. This action follows the end of the national emergency declared by E.O. 13936, which was not continued beyond July 14, 2026; the removal action was issued on July 17, 2026.
Remaining Hong Kong Sanctions Shifted, Trade Limited
OFAC moved certain persons from the SDN List to the NS-MBS (Non-SDN Menu Based Sanctions) List; those persons remain subject to blocking under the Hong Kong Autonomy Act (HKAA) and all transactions with them are prohibited except for the importation of goods. The transfer reflects that prohibitions authorized solely by IEEPA ended when the national emergency was not continued beyond July 14, 2026; the action was issued on July 17, 2026.
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Key Dates
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