MARKET STRUCTURE · REGULATORY · GLOBAL
US Treasury (OFAC) sanctions Rwanda’s military and senior officials over alleged support for M23 in Congo
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The U.S. imposed sanctions Monday on the Rwandan Defence Forces and four senior officials for supporting the March 23 Movement (M23) armed group in Congo.
Why Now
The U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on the Rwandan Defence Forces for supporting M23, an armed group described in the excerpt as responsible for human rights abuses in Congo. The sanctions also name four RDF senior officials: Vincent Nyakarundi (army chief of staff), Ruki Karusisi (major general), Mubarakh Muganga (chief of defense staff), and Stanislas Gashugi (special operations force commander). The action is described as occurring despite a December peace agreement signed by Congo and Rwanda in Washington. The excerpt states that fighting continues on several fronts in eastern Congo and references U.S. and U.N. expert accusations that Rwanda backs M23.
Impact
- • Rwandan Defence Forces and the named officials are subject to U.S. sanctions.
- • The sanctions apply to the four specifically identified RDF senior officials: Vincent Nyakarundi, Ruki Karusisi, Mubarakh Muganga, and Stanislas Gashugi.
- • The action is tied in the excerpt to U.S. allegations of support enabling M23 offensives.
Who Recalculates
- • Military (Rwandan Defence Forces)
- • Senior military officials
- • Sanctions compliance teams (financial institutions and counterparties dealing with sanctioned parties)
Source
Topics
World & Politics Conflicts Law & Public Safety Regulatory Actions Compliance