OFAC ends Liberia Sanctions Program; Transnational Crime designations added

Treasury's Office of Foreign Assets Control (OFAC) has announced that President Obama signed an Executive Order today entitled "Termination of Emergency With Respect to the Actions and Policies of Former Liberian President Charles Taylor," which brings to a close OFAC's Liberia Sanctions Program.

OFAC also announced its designation today of the Altaf Khanani Money Laundering Organization (Khanani MLO) pursuant to Executive Order 13581, which targets transnational criminal organizations (TCOs) and their supporters. The Khanani MLO launders illicit funds for organized crime groups, drug trafficking organizations, and designated terrorist groups throughout the world. 
 
Additionally, the Office of Foreign Assets Control (OFAC) is today designating Dubai-based money services business Al Zarooni Exchange under Executive Order (E.O.) 13581 for being owned or controlled by, or acting for or on behalf of, directly or indirectly, the Khanani MLO, and for materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, the Khanani MLO. As a result of today’s action, any property in the United States, or in the possession or control of U.S. persons, in which the Khanani MLO or Al Zarooni Exchange has an interest, are blocked, and U.S. persons are prohibited from engaging in transactions with them.

Identification information on the additions to and removals from OFAC's SDN list is found in OFAC's SDN List Update.