The Office for the Control of Foreign Assets performs checks on the bank accounts of individuals and companies that are on the OFAC list, as well as transactions. The control itself will result in the expansion of the list, given the policy of OFAC that all persons and companies that cooperate with persons and companies that are on the OFAC list risk being on it themselves.
The ring around corrupt politicians and personas from the OFAC sanctioned list is narrowing
The coordination of United States and the European Union was clearly visible even today when the US Embassy today welcomed Christian Schmidt’s decision on amendments to the BiH Election Law, which was made for the sake of the citizens of Bosnia and Herzegovina and their right to fair elections, and their trust in the electoral process.
With this coordination, it was requested that persons who are on the OFAC list also be subject to EU sanctions.
The USA and the EU will lead a consolidated policy regarding sanctioned persons, which means that persons from the OFAC sanction list will also be on the European sanction lists.
In this sense, the EU will follow the foreign policy of the USA and therefore insist on the political removal of persons who are on the sanctions lists.
