Regulatory Alerts2026-06-25 | 20260625Added · Updated
Treasury Sanctions Rwandan Gold Refinery and Network Enabling Illicit Conflict Minerals Trade
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added individuals Kalima Karekezi and Bosco Kayobotsi, along with entities Bugambira Mines Ltd, Gasabo Gold Refinery Ltd, Rwinkavu Mining Corporation Ltd, and Wolfram Mining and Processing Ltd, to the Specially Designated Nationals List. These designations target networks linked to illicit conflict minerals trade and the M23 group in the Democratic Republic of the Congo. Additionally, OFAC issued Russia-related General License 131G authorizing certain transactions for Lukoil International GmbH and updated FAQs 1224 and 1225. The document also lists administrative corrections to existing SDN listings without adding new sanctions.