Financial Crime Consultant Kenneth Rijock is blaming Dominica’s Government, for its neglect in conducting business with a US sanctioned entity, like the National Iranian Tanker Company (NITC). The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued a finding of violation, to the Dominica Maritime Registry, Inc. (DMRI) which is headquartered in Fairhaven, Massachusetts. According to OFAC, DMRI “executed a binding Memorandum of Understanding with NITC, which OFAC determined was a contingent contract, and therefore property in which NITC, a blocked person, had an interest.” OFAC allegedly determined that DMRI did not voluntarily disclose the violation, and that constitutes a non-egregious case.
Meantime, Rijock is calling on the relevant authorities to investigate all government agencies in Dominica to ensure that they are not dealing with sanctioned entities, which could have major implications for the country. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) had issued a finding of violation to the Dominica Maritime Registry Inc. (DMRI), which is headquartered in Fairhaven, Massachusetts. According to OFAC, DMRI “executed a binding Memorandum of Understanding with NITC, which OFAC determined was a contingent contract, and therefore property in which NITC, a blocked person, had an interest.”
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