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23 October 2019

OFAC Sanctions Individuals For Corruption And Misappropriation In South Africa

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OFAC designated several individuals alleged to be members of a "significant corruption network" in South Africa.
South Africa Criminal Law
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OFAC designated several individuals alleged to be members of a "significant corruption network" in South Africa.

The individuals were sanctioned pursuant to Executive Order 13818. According to OFAC, the individuals were designated due to their (i) use of political connections to perpetuate widespread corruption and bribery, and (ii) misappropriation of state assets. OFAC found that the individuals received ill-gotten gains and business opportunities through their connections to political figures and parties.

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