| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network involved in illegally smuggling minerals from eastern Democratic Republic of the Congo (DRC) to Rwanda, supporting the Rwandan-backed March 23 Movement (M23). This action aligns with the U.S.-brokered Washington Accords for Peace and Prosperity, aiming to enhance transparency in mineral supply chains and promote regional economic stability. The sanctioned entities include Gasabo Gold Refinery LTD and its leadership, along with affiliated mining companies, for facilitating the illicit trade that funds M23’s destabilizing activities. The sanctions block all U.S. property and interests of the designated entities and prohibit transactions involving them. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
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Treasury Sanctions Rwandan Gold Refinery and Network Enabling Illicit Conflict Minerals Trade
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network involved in illegally smuggling minerals from eastern Democratic Republic of the Congo (DRC) to Rwanda, supporting the Rwandan-backed March 23 Movement (M23). This action aligns with the U.S.-brokered Washington Accords for Peace and Prosperity, aiming to enhance transparency in mineral supply chains and promote regional economic stability. The sanctioned entities include Gasabo Gold Refinery LTD and its leadership, along with affiliated mining companies, for facilitating the illicit trade that funds M23’s destabilizing activities. The sanctions block all U.S. property and interests of the designated entities and prohibit transactions involving them. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
| Read full article → |
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