Firestarter
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Israeli billionaire Dan Gertler was sanctioned in December 2017 by the US Treasury for bribing Congo officials to get his hand on mining rights (including diamonds). This prohibited Gertler from doing business with U.S. citizens, companies or banks. The Democratic Republic of Congo is one of the world’s richest countries in natural resources, while the population is dirt poor.
Dan Gertler is also a business partner of Beny Steinmetz (who was recently convicted in Switzerland), whose nephew is in business with Jared Kushner (husband of Ivanka Trump).
Gertler hired Alan Dershowitz (him again!) and former FBI director Louis Freeh to petition the U.S. government to remove him from the sanctions list.
On 15 January, in its final week as U.S. President, Donald Trump’s Office of Foreign Assets Control (of the Treasury Department) eased sanctions against Dan Gertler. While the license doesn't remove Gertler, or his more than 30 companies, from the sanctions list... it authorises, until 31 January 2022, “all transactions and activities” otherwise prohibited by sanctions against them.
In other words, until 31 January 2022 he can conduct business in the US as if he isn't sanctioned.
The most important aspect is probably that also Gertler’s assets are unblocked that have been held by banks in the US, including Citibank, Deutsche Bank, Bank of New York Mellon and Wells Fargo.
If he quickly moves his funds it wouldn't matter much if the Biden administrations cancels the license.
This was done secretly, without being announced by the Trump administration. Until somebody leaked this to the press.
Sasha Lezhnev, of The Sentry commented that the license allows “one of the world’s most corrupt tycoons to largely walk free and do business at U.S. banks.
The Biden administration should immediately reverse the decision and revoke the license for Gertler and his corporate empire, as the sanctions already had a wave of impact on corruption in the DR Congo”: https://www.reuters.com/article/us-...-israeli-mining-magnate-gertler-idUSKBN29U1M7
Dan Gertler is also a business partner of Beny Steinmetz (who was recently convicted in Switzerland), whose nephew is in business with Jared Kushner (husband of Ivanka Trump).
Gertler hired Alan Dershowitz (him again!) and former FBI director Louis Freeh to petition the U.S. government to remove him from the sanctions list.
On 15 January, in its final week as U.S. President, Donald Trump’s Office of Foreign Assets Control (of the Treasury Department) eased sanctions against Dan Gertler. While the license doesn't remove Gertler, or his more than 30 companies, from the sanctions list... it authorises, until 31 January 2022, “all transactions and activities” otherwise prohibited by sanctions against them.
In other words, until 31 January 2022 he can conduct business in the US as if he isn't sanctioned.
The most important aspect is probably that also Gertler’s assets are unblocked that have been held by banks in the US, including Citibank, Deutsche Bank, Bank of New York Mellon and Wells Fargo.
If he quickly moves his funds it wouldn't matter much if the Biden administrations cancels the license.
This was done secretly, without being announced by the Trump administration. Until somebody leaked this to the press.
Sasha Lezhnev, of The Sentry commented that the license allows “one of the world’s most corrupt tycoons to largely walk free and do business at U.S. banks.
The Biden administration should immediately reverse the decision and revoke the license for Gertler and his corporate empire, as the sanctions already had a wave of impact on corruption in the DR Congo”: https://www.reuters.com/article/us-...-israeli-mining-magnate-gertler-idUSKBN29U1M7