President Emmerson Mnangagwa (Photo: Bloomberg)

U.S. Department of the Treasury designates key actors under the Global Magnitsky Program.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 11 individuals, including Zimbabwe’s President Emmerson Mnangagwa, and three entities for their involvement in corruption or serious human rights abuse pursuant to E.O. 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act.

Concurrently, President Biden signed an Executive Order (E.O.) terminating the national emergency with respect to Zimbabwe and revoking the E.O.s that have authorized Zimbabwe-specific sanctions. As a result, the economic sanctions administered by OFAC pursuant to the Zimbabwe sanctions program are no longer in effect.

This transition to sanctions under the Global Magnitsky Program, consistent with recommendations in Treasury’s 2021 Sanctions Review, emphasizes the U.S. commitment to promoting accountability for corrupt and abusive networks restricting the political rights and economic resources of the people of Zimbabwe.

For full anction report by U.S. Department of the Treasury https://home.treasury.gov/news/press-releases/jy2154

Source: U.S. Department of the Treasury

 

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