Tag Archives: U.S. Treasury Department’s Office of Foreign Assets Control (OFAC)

-Nazar Mohamed resigns from neighbourhood council President Irfaan Ali on Thursday said government decided to impose sanctions on Nazar Mohamed and his son, Azruddin as well their businesses without any evidence from the United States (U.S.), but relied on the announcement by the Treasury Department. “Suppose, at the time of sanctions, there was a transaction in process, gold being sold ...

The Guyana Gold Board (GGB) is finalising preparations to revoke the Mohameds gold dealership license, following the United States’ imposition of sanctions on Nazar “Shell” Mohamed and his son Azruddin, according to well-placed sources. The effect of the sanctions by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) for allegedly defrauding Guyana of US$50 million on 10 kilogrammes ...