NCRI

Hong Kong passes laws to seize Iranian regime’s assets

NCRI – Hong Kong said Wednesday it had passed laws to comply with UN sanctions against the Iranian regime, according to AFP.

The new laws came into effect on Friday and brought the city in line with the latest sanctions against the Iranian regime including visa bans and asset freezes on the regime’s shipping lines.

 

“The amended regulations update existing sanctions against Iran to implement decisions of the United Nations Security Council under Resolution 1929,” a government spokeswoman told AFP Wednesday.

Hong Kong, a semi-autonomous Chinese territory, received Beijing’s approval to usher in the new regulations last June, the same month the UN Security Council passed the sanctions, according to AFP.

The laws were passed two months after 20 shipping firms in the city were accused of having links to the Iranian regime’s weapons buildup, AFP said.

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