1967-08-10

Dmitry Klyuev is alleged to have masterminded the criminal conspiracy uncovered by Magnitsky. Klyuev owned the now liquidated Universal Savings Bank (USB) through which approximately USD 97 million from the fraudulent tax returns was laundered.

https://home.treasury.gov/news/press-releases/jl2408

2014-05-20

US

Sergei Magnitsky Rule of Law Accountability Act of 2012

OFAC-horizontal

Human Rights

Blocking Property

On December 14, 2012, the President signed into law the Sergei Magnitsky Rule of Law Accountability Act of 2012, Public Law 112–208, title IV, 126 Stat. 1502 (2012) (the “Act”). The Act provides authority for the identification of and imposition of sanctions on certain persons related to the detention, abuse, and death of Sergei Magnitsky or responsible for certain gross violations of human rights in the Russian Federation. Section 404(a) of the Act requires the President to submit to certain congressional committees a list of each person the President has determined meets certain criteria set forth in the Act. Section 406 of the Act requires the President, with certain exceptions, to exercise powers granted by the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to freeze, and prohibit all transactions in, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person of persons on the list required by Section 404(a) of the Act.

SDN