OFAC designated several individuals alleged to be members of a "significant corruption network" in South Africa.
The individuals were sanctioned pursuant to Executive Order 13818. According to OFAC, the individuals were designated due to their (i) use of political connections to perpetuate widespread corruption and bribery, and (ii) misappropriation of state assets. OFAC found that the individuals received ill-gotten gains and business opportunities through their connections to political figures and parties.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.