Individuals and firm targeted for ‘undermining Zimbabwe democracy’
Monday, April 21, 2014 at 6:28AM
Julie DiMauro in Central Intelligence Organization, David S. Cohen, Jimmy Zerenie, OFAC, Sam Pa, Sino Zim Development Ltd., Tobaiwa Mudede, U.S. Treasury, Zimbabwe

David S. Cohen, Under Secretary for Terrorism and Financial Intelligence, U.S. TreasuryThe U.S. Treasury's Office of Foreign Asset Control (OFAC) designated three people and a business Thursday for sanctions for facilitating public corruption and threatening Zimbabwe's democratic institutions.

David S. Cohen, Under Secretary for Terrorism and Financial Intelligence, said Thursday's action targeted those who sought to disrupt Zimbabwe's democratic and economic progress.

"These designations underscore the United States' commitment to helping the people of Zimbabwe restore the peaceful, democratic, prosperous country they rightly deserve, and we will continue to expose anyone whose actions undercut this priority," he said in a U.S. Treasury press release.

Those sanctioned Thursday were: 

The CIO has been linked with persons and actions meant to undermine democracy, and the CIO has credited Sam Pa's financial support for enabling it to weather a harsh economic climate. His financing enabled the CIO to participate in pre-election intimidation activity in Zimbabwe, among other actions.

As a result of being sanctioned and placed on the Specially Designated Nationals list maintained by OFAC, any of the individuals' and entity's assets that are within the jurisdiction of the United States are frozen. Also, transactions by U.S. persons or with the U.S. government that involve any of these sanctioned parties are generally prohibited.


Julie DiMauro is the executive editor of FCPA Blog and can be reached here.

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