| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and four entities linked to illicit gold trade and support for the M23 armed group in the Democratic Republic of the Congo (DRC). The designations block their U.S. assets and prohibit transactions with them under Executive Order 13413, targeting those undermining DRC stability. Key entities include Gasabo Gold Refinery Ltd and Bugambira Mines Ltd, while individuals Jean Malic Kalima Karekezi and Bosco Kayobotsi are tied to these operations. The action aims to disrupt financing of conflict through illegal natural resource exploitation. |
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Notice of OFAC Sanctions Action
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and four entities linked to illicit gold trade and support for the M23 armed group in the Democratic Republic of the Congo (DRC). The designations block their U.S. assets and prohibit transactions with them under Executive Order 13413, targeting those undermining DRC stability. Key entities include Gasabo Gold Refinery Ltd and Bugambira Mines Ltd, while individuals Jean Malic Kalima Karekezi and Bosco Kayobotsi are tied to these operations. The action aims to disrupt financing of conflict through illegal natural resource exploitation. |
| Read full article → |
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