Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OFAC sanctions Nicaraguan officials
The Treasury Department has reported that OFAC has designated four individuals who support the Ortega regime in Nicaragua. The individuals sanctioned on June 9 are Camila Antonia Ortega Murillo, the Coordinator of the Creative Economy Commission and daughter of Nicaraguan President Daniel Ortega; Leonardo Ovidio Reyes Ramirez, President of the Central Bank of Nicaragua (BCN); Edwin Ramon Castro Rivera, a deputy of the Nicaraguan National Assembly (NNA); and Julio Modesto Rodriguez Balladares, a Brigadier General of the Nicaraguan Army and Executive Director of the Military Social Welfare Institute (IPSM).
Yesterday’s action, taken under the authority of Executive Order 13851, “Blocking Property of Certain Persons Contributing to the Situation in Nicaragua,” targets individuals who are officials of the Government of Nicaragua or who have served as officials of the Government of Nicaragua at any time on or after January 10, 2007.
As a result of this action, all property and interests in property of these individuals that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by such individuals are also blocked. OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.
For identification information on the four designated individuals, see the June 9, 2021, BankersOnline OFAC Update.