OFAC Designates Nicaragua's First Son and Nicaraguan Bank

Pursuant to Executive Order 13851, OFAC designated the son of Nicaraguan President Daniel Ortega and his wife, Vice President Rosario Murillo, and a Nicaraguan bank.

According to OFAC, the designated individual and bank support a regime whose actions have led to the death of over 300 individuals, the injury of approximately 2,000 and approximately 42,000 Nicaraguans seeking refuge in Costa Rica.

U.S. Treasury Under Secretary Sigal Mandelker stated:

"The corrupt Ortega regime has ignored the Nicaraguan people’s calls for reform, including the freeing of all political prisoners, and early transparent elections."

As a result of OFAC's action, all property and interests in property of this particular entity and individual, and any entity that is owned by the designated entity or individual, that are in the U.S. or in possession of U.S. individuals are blocked and must be reported to OFAC. OFAC's regulations generally forbid all dealings by U.S. individuals or transition the U.S. that concern any property or interests in property of designated individuals.