OFAC Sanctions Nicaraguan Bank, 2 Officials
The Office of Foreign Assets Control designated a Nicaraguan financial institution and two government officials for undermining Nicaragua’s democracy, OFAC said Oct. 9. The sanctions target Cooperativa De Ahorro Y Credito Caja Rural Nacional RL, a bank that is “not subject to traditional regulatory oversight,” and Nicaraguan Attorney General Ana Julia Guido De Romero and Secretary of the Presidency Paul Herbert Oquist Kelley.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
OFAC said the bank provides support for Nicaragua’s Banco Corporativo, which was sanctioned by the U.S last year (see 1904170054). Guido worked with the country’s police to fabricate cases against political prisoners, OFAC said, and Oquist helps spread “disinformation to cover up” the government’s human rights abuses.