OFAC ADDS TO GLOBAL MAGNITSKY SANCTIONS LISTS

On 15 September, OFAC announced that the addition of 1 individual, Zineb Souma Yahya  JAMMEH, a Moroccan-born Equatorial Guinea national.  It also added 2 entities – a UK company, NABAH LTD, and a Cambodian company, UNION DEVELOPMENT GROUP CO LTD.

JAMMEH is designated for her roles in providing support to persons previously designated for their own corrupt behaviour.  She is the former First Lady of The Gambia and the current wife of Yahya Jammeh (Jammeh), who is a former President of The Gambia who came to power in 1994 and stepped down in 2017.

NABAH LTD is also designated for providing support to persons previously designated, and is owned or controlled by Ashraf Seed Ahmed Al-Cardinal, who was part of a sanctions evasion scheme that violated South Sudan sanctions.

UNION DEVELOPMENT GROUP CO LTD is a Chinese state-owned entity, and is designated over the seizure and demolition of local Cambodians’ land for the construction of the Dara Sakor development project.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20200915

https://home.treasury.gov/news/press-releases/sm1121

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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