OFAC ISSUES 2 NEW SANCTIONS GENERAL LICENSES AND FAQ RELATING TO HORACIO MANUEL CARTES JARA, A PARAGUAYAN BUSINESSMAN AND POLITICIAN WHO SERVED AS THE PRESIDENT OF PARAGUAY FROM 2013 TO 2018

On 26 January, OFAC advised the issue of General License 5: Authorizing Certain Transactions Related to Frigorifico Chajha SAE; and General License 6: Authorizing the Wind Down of Transactions Involving Bebidas USA Inc, Tabacos USA Inc, Frigorifico Chajha SAE, Dominicana Acquisition SA, or Certain Blocked Entities Owned by Horacio Manuel Cartes Jara.  2 related FAQ have also been issued.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230126

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/added/2023-01-26

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 View all posts by raytodd2017