OFAC sanctions Nicaraguan judicial officials

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

On April 19, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions, pursuant to Executive Order 13851, as amended, against three Nicaraguan judicial officials involved in human rights abuses intended to oppress citizens who oppose the current Nicaraguan president’s regime. The sanctions block all property and interests in property subject to U.S. jurisdiction belonging to the sanctioned persons and require such property, as well as “any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons,” to be reported to OFAC. U.S. persons are also generally prohibited from engaging in any dealings involving the property or interests in property of blocked or designated persons unless they are exempt from OFAC regulations or authorized by a general or specific license issued by OFAC, OFAC warned.