The United States has designated North Macedonia businessman Jordan “Orce” Kamcev for having engaged in corruption, including bribery of a government official.
“Kamcev’s corrupt acts have eroded public confidence and undermined the integrity of North Macedonia’s justice sector and rule of law, while furthering his personal gain” said spokesperson for the US Department of State Matthew Miller.
“The United States will continue to promote accountability for individuals and entities that undermine or threaten the stability of the Western Balkans through corruption. We call on North Macedonia to continue strengthening the rule of law and its democratic institutions and to clamp down on corruption.”
He said, “these efforts are critical to North Macedonia’s full integration into European institutions.”
The U.S. Department of the Treasury is designating Kamcev pursuant to Executive Order 14033.
Kamcev, one of North Macedonia’s richest businessmen, engaged in significant acts of corruption, the abuse of office, money laundering, and other offenses from 2002 to 2015. His actions have eroded public confidence in North Macedonia’s justice sector and the rule of law, while furthering his personal gain
The implication of the US action means that “all property and interests in property of the designated person described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC.
“In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. All transactions by U.S. persons within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC, or exempt.
“The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person.
“In addition, financial institutions and other persons that engage in certain transactions or activities with the sanctioned individual may expose themselves to sanctions or be subject to an enforcement action.”
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