The U.S. Treasury’s Office of Foreign Assets Control (OFAC), which lists specially designated nationals and blocked persons, all of whom U.S. citizens and business must avoid when conducting business transactions, added Sino Zim Development Ltd. on April 17, Rapaport reported.
In addition, OFAC added Sam Pa, who along with numerous aliases and according to Global Witness, is a business partner in Sino Zim and Anjin. In June 2012, Global Witness encouraged the international community to investigate Pa and Sino Zim for undermining Zimbabwe’s democracy by subverting civilian control over key organs of the state. Global Witness also alleged that Pa provided funding and materials to Zimbabwe’s Central Intelligence Organization (CIO) in return for access to diamond, cotton and property sectors.
OFAC sanctions already forbid U.S. citizens and business alike from conducting trade with, among many others, Marange Resources, Mbada Diamonds, Oryx Diamonds, the Zimbabwe Mining Development Corporation (ZMDC) and the Minerals Marketing Corporation of Zimbabwe (MMCZ), along with dozens of politicians, including President Robert Mugabe and most of his family.