Russia-related Designations and Designation Update; Publication of Africa Gold Advisory

The Office of Foreign Assets Control (OFAC) has published a press statement to inform about new sanction measures. Specifically, the Office added one individual and four entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or being responsible for „harmful foreign activities of Russia“. The parties are designated for their relations to the Wagner Group (please see the accompanying press statement in this context) and include the following:
#### Sanctioned Person
IVANOV, Nikolayevich Andrey (Cyrillic: ИВАНОВ, Николаевич Андрей), House – 113A, Ust-Labinskiy 352303, Russia; House – 36/ APPT – 3, Kolomna 140415, Russia; Moskovskaya Oblast, Russia; DOB 13 Apr 1983; nationality Russia; citizen Russia; Gender Male; Identification Number M0381 (Russia); alt. Identification Number B90381 (Russia) (individual) [RUSSIA-EO14024] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
#### Sanctioned Entities
DIAMVILLE SAU (a.k.a. DIAM VILLE; a.k.a. DIAMVILLE; a.k.a. DIAMVILLE COMPANY; a.k.a. DIAMVILLE SAUAG), Avenue of the Martyrs, 1st District, Bangui, Central African Republic; Organization Established Date 28 Mar 2019; Organization Type: Support activities for other mining and quarrying [RUSSIA-EO14024] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
INDUSTRIAL RESOURCES GENERAL TRADING (Arabic: اندستر ريسورسز للتجارة العامة) (a.k.a. INDUSTRIAL RESOURCES GENERAL TRADING LLC), Al Hawai Tower, 88, Sheikh Zayed Road, 2nd Floor, Office 203, Dubai, United Arab Emirates; P.O. Box 74345, Dubai, United Arab Emirates; Website www.iruae.ae; Organization Established Date 21 Sep 2010; Organization Type: Non-specialized wholesale trade; Business Registration Number 10469466 (United Arab Emirates) [RUSSIA-EO14024] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
LIMITED LIABILITY COMPANY DM (Cyrillic: ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ „ДМ“) (a.k.a. „DM, LLC“), 4-N-3/413, CH.P./Ofis, Liter A, 6B, Ul. Tallinskaya, St. Petersburg 195196, Russia; House 6, Litera A, Office 302, Tallinskaya Street, St. Petersburg City 195196, Russia; Organization Established Date 01 Nov 2017; Organization Type: Non-specialized wholesale trade; Tax ID No. 7806293796 (Russia); Registration Number 781434142955 (Russia) [RUSSIA-EO14024] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
MIDAS RESSOURCES SARLU (a.k.a. MIDAS RESSOURCES; a.k.a. MIDAS RESSOURCES LIMITED LIABILITY; a.k.a. MIDAS RESSOURCES MINING COMPANY; a.k.a. MIDAS RESSOURCES SURL; a.k.a. MIDAS SURL; a.k.a. „MIDAS RESOURCES“), Bangui, Central African Republic; Ndassima, Central African Republic; Website www.midasrs.com; Organization Established Date 12 Nov 2019; Organization Type: Mining of other non-ferrous metal ores; Target Type Private Company [RUSSIA-EO14024] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
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OFAC also modified the records of one individual which is already included in the SDN list and subject to asset freezing measures. The affected person’s record is modified as follows:
POTANINA, Anastasia Vladimirovna (Cyrillic: ПОТАНИНА, Анастасия Владимировна) (a.k.a. POTANINA, Anastasiya Vladimirovna), 3-7, Skatertny Pereulok, Moscow 121069, Russia; DOB 30 Apr 1984; nationality Russia; Gender Female; Passport 530370637 (Russia); National ID No. 4507487205 (Russia); Tax ID No. 770302055000 (Russia) (individual) [RUSSIA-EO14024] (Linked To: POTANIN, Vladimir Olegovich). -to- POTANINA, Anastasia Vladimirovna (Cyrillic: ПОТАНИНА, Анастасия Владимировна) (a.k.a. KRUCHINA, Anastasia Vladimirovna; a.k.a. POTANINA, Anastasiya Vladimirovna), 3-7, Skatertny Pereulok, Moscow 121069, Russia; DOB 30 Apr 1984; nationality Russia; Gender Female; Passport 530370637 (Russia); National ID No. 4507487205 (Russia); Tax ID No. 770302055000 (Russia) (individual) [RUSSIA-EO14024] (Linked To: POTANIN, Vladimir Olegovich).
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Finally, the Department of the Treasury, OFAC, and several other regulatory agencies have issued a joint new so-called Africa Gold Advisory. The advisory outlines risks (and opportunities) that businesses and individuals should consider when engaging in the gold sector across the African continent, whether it be via dealing, trading, brokering, or investing. It also sets out red flags that potentially indicate malicious financial transactions in this context and advises on measures, particularly financial institutions shall take to actively counteract such transactions (e.g. advanced due diligence for certain accounts or account holders).