Prohibition on provision of services to sanctioned financial institutions by international financial messaging systems
Title I — Sanctions and other measures in response to significant threats to security of Taiwan
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Not later than 3 days after a covered determination is made, the President shall impose sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with respect to— (1) any global financial communications services provider that does not terminate the provision of financial communications services to, and the enabling and facilitation of access to such services for, any financial institution subject to sanctions under section 103 or any other provision of this Act; and (2) the directors of, officers of, and shareholders with a interest in, the provider.