meta_id 3611887

On October 19, 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Protecting American Intellectual Property Act of 2022 (PAIPA) General License 1 and General License 2 and added several Chinese entities to its Non-SDN Menu-Based Sanctions List (NS-MBS List). General License 1 authorises transactions under the Cyber-Related Sanctions Regulations. General License 2 authorises the wind down of transactions involving certain entities blocked on October 19, 2026. The newly listed entities are Beijing Qiji Chuangtan Phase I Venture Capital Center Limited Partnership, Beijing Qiji Chuangtan Phase II Venture Capital Center Limited Partnership, Beijing Qiji Chuangtan Zhiyuan Enterprise Management Center Limited Partnership, Qiji Chuangtan Beijing Investment Management Co Ltd, and Shanghai Zhisuan Technology Co Ltd. Under PAIPA Section 2, all property and interests in property of these entities are blocked, and all transactions with them are prohibited, except for the importation of goods. United States financial institutions are also barred from extending loans or credits to these entities exceeding $10,000,000 in any 12-month period, and United States persons are prohibited from investing in significant amounts of their equity or debt instruments. Foreign exchange and banking transactions subject to United States jurisdiction that involve these entities are likewise prohibited. The designations affect United States persons, financial institutions and any party with dealings subject to United States jurisdiction. Entities should screen counterparties against the NS-MBS List and review exposure to the listed entities, using the authorisations in the general licenses where applicable. Further details are available on OFAC's Recent Actions page and in the associated press release, "Imposing Sanctions to Protect Americans from Intellectual Property Theft."