August 5, 2020

Zimbabwean businessman and his company designated by OFAC for supporting the government of Zimbabwe

On August 5, 2020, the US Department of the Treasury’s Office of Foreign Assets Control designated a Zimbabwean businessman and one of the entities he owns or controls, pursuant to Executive Order 13469, for providing material support to the Government of Zimbabwe or any of its senior and/or sanctioned officials.  Kadakwashe Regimond Tagwirei has had longstanding associations with Zimbabwe’s President Emmerson Mnagnagwa and First Vice President Constantino Chiwenga who were sanctioned in 2003 and 2005, and has allegedly provided Zimbabwean officials with cars and other high priced items in exchange for state contracts and favored access to hard currency, including US dollars.  The Zimbabwean government is responsible for repressive and corrupt actions such as the 2018 killing of at least six civilians, who were protesting flawed government elections and delayed election results.

OFAC also announced the removal of sanctions from recently-deceased John Bredenkamp along with 20 companies that he owned or controlled, that were previously designated under Executive Order 13469 since 2008.

As a result of the new designations, all US property belonging to this individual and entity is blocked, and transactions in the US are generally prohibited. 

Department of the Treasury Press Release