OFAC ADDS 1 INDIVIDUAL AND 1 ENTITY TO ZIMBABWE SANCTIONS LISTS, DELETING MANY OTHERS

On 5 August, OFAC issued a news release advising that Kudakwashe Regimond TAGWIREI, (aka Kuda TAGWIREI) and SAKUNDA HOLDINGS (aka SAKUNDA HOLDINGS PRIVATE LIMITED) had been added to its Zimbabwe sanctions lists.  At the same time a large number of persons were deleted from the lists – including the late John Bredenkamp and companies related to him.  Tagwirei is a Zimbabwean businessman with longstanding associations to the ruling party in Zimbabwe and high-level Government officials. He is said to have used his relationships to gain state contracts and receive favoured access to hard currency, including US dollars. In turn, he has provided high-priced items, such as expensive cars, to senior-level Zimbabwean government officials.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200805.aspx

https://home.treasury.gov/news/press-releases/sm1082

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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