United States: US Treasury Sanctions Members of a Significant Corruption Network in South Africa

The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned family members and their close business associates under the Global Magnitsky Human Rights Accountability Act for corruption, including bribery and misappropriation of state assets among other corrupt acts to fund political contributions and influence government decisions.

The government action means all assets and interests related, directly or indirectly, with members of this family, will be blocked and must be reported to OFAC. In addition, the sanction prohibits US citizens from conducting transactions related to them or any of their interests.

Through these government actions, an important precedent is established related to white collar crimes and it creates, step by step, a culture in which to prosecute and successfully deter corruption is essential to build a responsible government that fosters economic growth and opportunities for all.