Search Results for keywords:"Kingston Holding"

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Search Results: keywords:"Kingston Holding"

  • Type:Notice
    Citation:90 FR 10847
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that several individuals and entities have been added to its Specially Designated Nationals and Blocked Persons List. This means their property and interests that are within U.S. jurisdiction are now blocked, and U.S. individuals and companies are generally not allowed to do business with them. The designations include James Kabarebe from Rwanda and Lawrence Kanyuka Kingston linked to the Democratic Republic of the Congo, along with his business activities related to Kingston Fresh Ltd and Kingston Holding. These actions are based on sanctions aimed at addressing the conflict in the Democratic Republic of the Congo.

    Simple Explanation

    The U.S. Treasury has a special list of people and businesses that people in the U.S. aren't allowed to do business with. They added some new names to this list because they are connected to problems happening in the Democratic Republic of the Congo.