On 12th June, OFAC imposed sanctions on Dominican Republic Senator Felix Ramon Bautista Rosario for engaging in corrupt acts, including in relation to reconstruction efforts in Haiti, and Cambodian General Hing Bun Hieng for being the leader of an entity involved in serious human rights abuse.   OFAC also designated 5 entities owned or controlled by Bautista.  The so-called “Magnitsky” laws comprise the Global Magnitsky Human Rights Accountability Act of 2016 and Executive Order EO 13818, the latter intended to block the property of persons involved in serious human rights abuse or corruption.  To date, 59 individuals and entities have been sanctioned under E.O. 13818.  The news release from OFAC also notes that FinCEN had issued an advisory on human rights abuses enabled by corrupt senior foreign political figures and their financial facilitators to warn financial institutions about the tactics and typologies they are using across the globe.

The FinCEN Advisory is at –

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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