U.S. Treasury Takes Aim: Targeting Corruption and Abuse in Zimbabwe with Sanctions Blitz

In a significant move, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated Zimbabwean President Emmerson Mnangagwa and several other individuals, along with entities, for their involvement in corruption and serious human rights abuses. This action, executed under Executive Order (E.O.) 13818, aligns with the Global Magnitsky Human Rights Accountability Act.

The decision comes on the heels of President Biden's executive order terminating the national emergency regarding Zimbabwe, signaling a shift from the previous Zimbabwe Sanctions Program. Economic sanctions, previously in place, are now rescinded, paving the way for a more targeted approach.

According to Deputy Secretary of the Treasury, Wally Adeyemo, these measures aim to hold accountable those responsible for corruption and human rights violations while emphasizing that the sanctions are not intended to harm the people of Zimbabwe. The move also presents an opportunity for Zimbabwean authorities to undertake reforms aimed at improving governance and human rights.

Among the designated individuals are President Mnangagwa, his wife Auxillia Mnangagwa, and businessman Kudakwashe Regimond Tagwirei, known for his close ties with the ruling party. Mnangagwa is accused of shielding smugglers and facilitating illicit trade in gold and diamonds, while Tagwirei is implicated in supporting corruption through his business ventures. Additionally, security officials, including Vice President Constantino Chiwenga and Defense Minister Oppah Muchinguri, are targeted for their alleged involvement in human rights abuses.

The sanctions under the Global Magnitsky Program signify a targeted effort to address corruption and rights violations in Zimbabwe. They involve blocking all property and interests in property of the designated individuals and entities within U.S. jurisdiction. Financial institutions and individuals engaging in transactions with the sanctioned entities may face penalties or enforcement actions.

The move underscores the U.S. commitment to promoting accountability and supporting democratic principles globally. It also serves as a reminder of the consequences for those involved in corruption and human rights abuses. The Treasury's willingness to review and reassess sanctions reflects a balanced approach aimed at encouraging positive change in behavior.

The transition to targeted sanctions under the Global Magnitsky Program reflects a strategic shift in U.S. policy towards Zimbabwe, with a renewed focus on accountability and human rights. As Zimbabwe navigates this new phase, the international community will be closely watching developments, hoping for progress towards a more transparent and just society.

Read the full Press Release here: https://home.treasury.gov/news/press-releases/jy2154