The outgoing Trump administration gave Israeli mining tycoon Dan Gertler and his businesses a license which will enable him to nullify sanctions previously imposed by the U.S. Department of the Treasury, The Sentry reports. The investigative team says Gertler is an international billionaire who amassed a fortune through opaque and corrupt mining and oil deals in the Democratic Republic of the Congo. The sanctions were imposed by the Treasury Department’s Office of Foreign Assets Control (OFAC) in 2018. But Gertler and much of his network received a license from OFAC just days before the end of the Trump administration. The license does not remove Gertler and his network from the sanctions list, but it effectively undermines the sanctions by allowing all transactions and activities moving forward with Gertler and his network and by authorizing a group of named banks and financial institutions to unblock any accounts/funds/property they have held. The Sentry is urging banks to maintain blocks on transactions and assets linked to Gertler and his network of businesses and affiliates.
The U.S. Treasury announces sanctions on Dan Gertler in 2018.