July 19, 2023

North Macedonian businessman designated by OFAC

The US Department of the Treasury’s Office of Foreign Assets Control has designated Jordan “Orce” Kamcev, of North Macedonia, pursuant to Executive Order 14033, for his participation in corruption in the Western Balkans.

According to OFAC, Kamcev paid money to influence the lead prosecutor in North Macedonia’s Special Prosecutor’s Office, and was convicted for his role in a land purchase and money laundering scheme.  Kamcev also pleaded guilty to aggravated abuse of office for crimes involving fraud and money laundering.  In a statement about Kamcev’s designation, the Under Secretary of the Treasury for Terrorism and Financial Intelligence stated that the designee had abused his position, engaged in corrupt activities, and pursued “a self-serving agenda at the expense of North Macedonia’s democratic institutions and citizens.”

As a result of his designation, all property and interests in property of Kamcev within the United States or within the possession or control of a US person are blocked, and US persons are generally prohibited from engaging in transactions involving designated persons.

US Dept of the Treasury press release