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January 30, 2008 

OFAC Imposes Additional Targeted Sanctions on Zimbabwe

The Treasury Department's Office of Foreign Assets Control (OFAC) imposed new sanctions today on two Zimbabwean entities and two individuals that, according to OFAC, "contribute to the undermining of democratic processes and institutions in Zimbabwe".

Today's designations include ZIDCO Holdings, a financial owned by the Zimbabwe African National Union (Patriotic Front), the political party of President Robert Mugabe. The ZANU-PF's publishing arm, Jongwe Printing and Publishing Company was also designated by OFAC. Both ZIDCO Holdings and Jongwe Printing and Publishing Company are owned or controlled by the Mugabe regime that have already been designated by OFAC.

Also named today are Happyton Bonyongwe and Leo Mugabe. Mr. Bonyongwe is the Director of Zimbabwe's Central Intelligence Organization (CIO), and is considered Zimbabwe's "spy chief." Leo Mugabe is a Member of the Zimbabwe Parliament and the nephew of Robert Mugabe.

These designations were made pursuant to Executive Order 13391, which prohibits U.S. persons, wherever located, or anyone in the United States from engaging in any transactions with any person, entity or organization found to: 1) be undermining democratic institutions and processes in Zimbabwe; 2) have materially assisted, sponsored, or provided financial, material, or technological support to these entities; 3) be or have been an immediate family member of a sanctions target; or 4) be owned, controlled or acting on behalf of a sanctions target. As a result of Treasury's designations, any assets of these individuals and entities that are within the United States or in the possession or control of any U.S. person must be blocked, and U.S. persons are prohibited from dealing with them.

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