A California-based registered money services business settled potential civil liability for alleged violations of the Cuban Assets Control Regulations.

Hong Kong and China were designated as jurisdictions where the Public Company Accounting Oversight Board is incapable of full inspections or investigations.

In a newly issued Fact Sheet, OFAC and the U.S. Department of Commerce's Bureau of Industry and Security reviewed the exemptions and authorizations related to the provision of internet and telecommunications services to Cuba.

The U.S. Departments of State, Treasury, Commerce and Homeland Security advised U.S. companies on the increasing risks associated with operations in the Hong Kong Special Administrative Region of the People's Republic of China.

Treasury reported that it "has not identified any foreign financial institution that has knowingly conducted a significant transaction" with previously identified sanctioned foreign persons pursuant to the Hong Kong Autonomy Act.

A private company offering digital currency payment processing settled its potential civil liability for alleged violations of numerous sanctions programs.

OFAC regulations implementing a Hong Kong-related executive order were published in the Federal Register.

A California-based provider of secure digital wallet management services settled its potential civil liability for alleged violations of numerous sanctions programs.

Treasury reported to Congress on foreign financial institutions that "knowingly conducted a significant transaction" with sanctioned foreign persons.

SEC and Public Company Accounting Oversight Board officials decried the continuing limitations on the PCAOB's ability to inspect the audit work and practices of PCAOB-registered audit firms in China.