OFAC issues Zimbabwe-related sanctions

Financial Crimes Of Interest to Non-US Persons Department of Treasury OFAC OFAC Sanctions OFAC Designations SDN List Zimbabwe

On September 15, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 13469 against a Zimbabwe individual for his role in undermining Zimbabwe’s democratic processes and institutions. OFAC also removed eleven others from the Specially Designated Nationals List (SDN List) under the Zimbabwe sanctions program. According to OFAC, the sanctioned individual, among other things, undermined political parties that opposed the policies of the ruling Zimbabwe African National Union-Patriotic Front party, and, in 2020, supported Zimbabwe security services’ use of pressure and intimidation on prominent opposition figures. As a result of the sanctions, all property and interests in property belonging to the sanctioned individual that are in the U.S. or in the possession or control of U.S. persons, and “any entities that are owned 50 percent or more by one or more designated persons” are blocked. Additionally, U.S. persons are prohibited from engaging in any dealings involving the property or interests in property of blocked or designated persons, unless exempt or authorized by a general or specific OFAC license.