SANCTIONS: US TREASURY TARGETS CORRUPTION LINKED TO DAN GERTLER IN THE DEMOCRATIC REPUBLIC OF CONGO

On 6 December, the US Treasury announced the imposition of Global Magnitsky sanctions on Alain Mukonda for providing support to sanctioned billionaire Dan Gertler, as well as 12 entities linked to Mukonda or companies associated with him in the DRC and Gibraltar.   He and the 12 entities are designated pursuant to Executive Order 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world.  Dan Gertler had been included in the Annex to EO 13818 for his involvement in corruption in the DRC.  In 2017, OFAC announced the designation of 19 companies and 1 associate, Pieter Albert Deboutte, for their ties to Gertler.  At the time, OFAC said that Gertler had amassed his fortune through hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals in the DRC.

https://home.treasury.gov/news/press-releases/jy0515

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211206

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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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