OFAC HAS ADDED 2 NAMES TO ITS NORTH KOREAN AND LIBYAN SANCTIONS

On 19th November, OFAC added –

  • Vladlen AMTCHENTSEV, who is linked to Velmur Management Pte Ltd and a Russian with a South African passport to its North Korea sanctions list; and
  • Salah BADI (aka Omal Salem Salah BADI; Saladin BADI; Salah Edine Omar BADI; Salahdin BADI; Salah-Eddin BADI; and Salahidin BADI), a Libyan national, to its Libyan sanctions list.

In 2017, the US DoJ named Singapore-based Velmur Management Pte Ltd as one of several companies involved in laundering North Korean money, and Amtchentsev is said to have acted or purported to act for or on behalf of, directly or indirectly, the company and has advised on how to evade US sanctions.

Badi is the leader of the Sumud Brigade militia that has sparked violent clashes in the south of Libya’s capital, Tripoli, and has also been listed by the UN.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20181119.aspx

https://home.treasury.gov/news/press-releases/sm552

https://home.treasury.gov/news/press-releases/sm551

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s