Luis Ángel MONTENEGRO ESPINOZA

Superintendent of the Superintendency of Banks and other Financial Institutions of Nicaragua

1949-01-01

Esteli, NIC

Male

Planes De Puntaldia Casa #16, Managua, NIC

1610101490000S (other-Other identification number) (ID number)

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2022.005.01.0004.01.ENG&toc=OJ%3AL%3A2022%3A005I%3ATOC

Position-based reason

Executive

Luis Ángel Montenegro Espinoza is the Superintendent of the Superintendency of Banks and other Financial Institutions of Nicaragua (SIBOIF). In that position he is responsible for the persecution of financial actors that resisted the Ortega regime's policies, as well as for enforcing the regime's control over the financial sector. He was appointed to that position directly by Daniel Ortega, as a reward for his loyalty. In his previous role as Controller General of the Republic he ensured that Ortega's corrupt financial activities would not be audited and equally contributed to Ortega's control of the regime. He is therefore responsible for undermining the rule of law in Nicaragua as well as for the repression of civil society and democratic opposition.

EU

2022/22 (OJ L5I)

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2022.005.01.0004.01.ENG&toc=OJ%3AL%3A2022%3A005I%3ATOC

2022-01-10

EU

Restrictive measures in view of the situation in Nicaragua

EU country specific

Nicaragua

Asset freeze and prohibition to make funds available, Restrictions on admission

- All assets of the listed persons and entities should be frozen. It is also prohibited to make any funds or assets directly or indirectly available to them. - Member States shall enforce travel restrictions on persons listed in the Annex of Council Decision (CFSP) 2019/1720.

At the European Council on 21 January 2019, EU Member States condemned the muzzling of political opponents, independent media and civil society, and the use of anti-terrorist laws to repress dissenting opinions in the Republic of Nicaragua. In view of the continuing violations of human rights and civil liberties in the Republic of Nicaragua and to contribute to a peaceful negotiated way out of the current crisis, the Council established a new restrictive measures framework on 14 October 2019. This framework enables the EU to impose targeted restrictive measures, including travel bans and assets freeze, against persons, entities or bodies responsible for serious human rights violations and for undermining democracy and the rule of law in the Republic of Nicaragua, as well as persons associated with them. Derogations to the restrictive measures are possible, including the delivery of humanitarian aid.