The Office of Foreign Assets Control (OFAC) at the Department of The Treasury has issued Mr Dan Gertler and related parties with a license authorizing all transactions and activities previously prohibited by the Global Magnitsky Sanctions Regulations.
Mr. Gertler commented:
“The License was issued on the basis of my commitment to OFAC to comply with the terms and conditions set by OFAC and with the law.
Prior to engaging in any previously prohibited activities we will be adopting and implementing the most stringent anti-bribery and anti-corruption policies and measures across all our global practices. To this end, our compliance program will include enhanced sanctions compliance program and anti-corruption measures within all of our global operations. We are committed to ensuring our compliance program meets the strictest criteria set by OFAC and UK, DRC and Israeli authorities, and for this program to be supervised by universally recognized outside advisors.
As private people, and privately held companies, we have always conducted our business discreetly, never seeking exposure or publicity. However, moving forward, transparency and accountability will be the foundation of our business, and we will work hand in hand with law enforcement, civil society and international organizations to guarantee this.”
Done on January 26, 2021