Nicaragua

Managua, Nicaragua

MC-XFKHF1, Business Number

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting the Ortega-Murillo regime’s repression of the Nicaraguan people and its ability to manipulate the gold sector and profit from corrupt operations. Treasury is imposing sanctions on three Nicaragua-based entities, the Training Center of the Russian Ministry of Internal Affairs in Managua (RTC); Compania Minera Internacional, Sociedad Anónima (COMINTSA); and Capital Mining Investment Nicaragua, Sociedad Anónima (Capital Mining), pursuant to Executive Order (E.O.) 13851, as amended. Capital Mining is a Nicaraguan mining company and one of several regime-aligned companies that operate in Nicaragua’s gold sector. Capital Mining is an intermediary in the gold sector controlled by Laureano Ortega Murillo (Ortega Murillo), the son of President Ortega and Vice President Murillo, and Mansell Castrillo that is known to charge some gold mining companies to do business in Nicaragua. On April 17, 2019, OFAC designated Ortega Murillo pursuant to E.O. 13851 for being an official of the Government of Nicaragua or having served as an official of the Government of Nicaragua at any time on or after January 10, 2007. Capital Mining is being designated pursuant to E.O. 13851, as amended, for operating or having operated in the gold sector of the Nicaraguan economy.

https://home.treasury.gov/news/press-releases/jy2339

2024-05-15

US

Executive Order 13851 of November 27, 2018 Blocking Property of Certain Persons Contributing to the Situation in Nicaragua

OFAC country specific

Nicaragua

Blocking Property, Suspending Entry

• https://ofac.treasury.gov/faqs/topic/2581

On November 27, 2018, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (IEEPA), issued Executive Order 13851 (83 FR 61505, November 29, 2018) (E.O. 13851). In E.O. 13851, the President determined that the situation in Nicaragua, including the violent response by the Government of Nicaragua to the protests that began on April 18, 2018, and the Ortega regime's systematic dismantling and undermining of democratic institutions and the rule of law, its use of indiscriminate violence and repressive tactics against civilians, and its corruption leading to the destabilization of Nicaragua's economy, constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and declared a national emergency to deal with that threat.