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Tuesday
Dec302014

OFAC adds four to Magnitsky sanctions list

The Treasury Department's Office of Foreign Assets Control (OFAC) added four individuals to the list of  Russians subject to travel bans and asset freezes under the Magnitsky Act. Two of the Russians named Monday hold top posts in Russia-controlled Chechnya.

OFAC published the initial Magnitsky sanction list in April 2013. It included 18 individuals. Most were implicated in the jailing and death of Russian lawyer Sergei Magnitsky.

A second list of individuals banned from entering the United States was classified, the State Department said.

Magnitsky died in custody in 2009 after uncovering a $230 million tax fraud against the Russian treasury. His evidence implicated a number of government officials and mobsters. The Russian government has said Magnitsky died of natural causes while in jail.

The U.S. adopted the Magnitsky Act in 2012. It imposes visa sanctions and asset freezes on those responsible for the 36-year-old lawyer's detention, abuse, or death, those who concealed the his mistreatment, or were involved in or benefited from the criminal conspiracy he uncovered.

In September last year, the DOJ filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint named firms that allegedly laundered a portion of the $230 million stolen through the tax fraud that Magnitsky uncovered. The targeted property included four luxury residential units and two high-end commercial spaces.

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Here are the four new Magnisky-related designation that OFAC published on December 29, 2014. The individuals are now included on OFAC's Specially Designated Nationals List:

ALAUDINOV, Apti Kharonovich (a.k.a. ALAUDINOV, Apt Aaronovitch; a.k.a. ALAUDINOV, Apty); DOB 05 Oct 1973; POB Stavropol, Russia; Deputy Minister of Internal Affairs of the Chechen Republic and Major General of the Police (individual).

DAUDOV, Magomed Khozhakhmedovich (a.k.a. DAUDOV, Magomed Hojahmedovich; a.k.a. DAUDOV, Magomed Hozhahmedovich); DOB 26 Feb 1980; POB Shpakovskoe, Shpakovsky District, Stravopol, Russia; Chief of Staff of the Executive Office of Head and Government of the Chechen Republic; Chief of Presidential Administration for the Russian North Caucasus Region of Chechnya (individual).

GRIN, Victor Yakovlevich (a.k.a. GRIN, Viktor); DOB 01 Jan 1951 (individual).

STRIZHOV, Andrei Alexandrovich; DOB 01 Aug 1983 (individual).

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Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.