Special Advisory – Composition of DotAsia Board

In early 2018, DotAsia’s bankers requested that we cease listing Board members with nationalities from UN and/or US sanctioned countries as directors. Even though no Board member was (and is) an OFAC Designated individual we understand that banks are free to choose whether or not to accept customers, and upon what terms. DotAsia complied with its bankers’ request and has since received the benefit of such Board members’ contributions in a role somewhat akin to an observer, rather than as director.