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US Sanctions List Names Individuals and Companies Linked to Illegal Gold Mining in Uganda

Washington D.C. - The US Office of Foreign Assets Control (OFAC) has added several individuals and companies to its sanctions list for their alleged involvement in illegal gold mining activities in Uganda.

Key Figure Behind Illegal Gold Mining Operations

According to OFAC, Alain Francois Viviane Goetz, a Belgian national with Turkish citizenship, is the key figure behind several companies linked to illegal gold mining operations in Uganda. Goetz’s companies, including:

  • African Gold Refinery Limited
  • GOETZ GOLD LLC

have been accused of illegally extracting and exporting gold from Uganda.

Other Individuals and Companies Listed by OFAC

In addition to Goetz’s companies, the following individuals and companies have also been listed by OFAC:

  • AGOR DMCC
  • AGR International Limited
  • Alaxy
  • CG - Vastgoed Invest
  • Goetz Gold LLC
  • Orofino NV
  • Premier Gold Refinery LLC
  • WWG Diamonds

Purpose of Sanctions

The sanctions are aimed at disrupting the illegal gold mining activities in Uganda, which have been linked to:

  • Human rights abuses
  • Environmental degradation
  • Corruption

The US has long been concerned about the impact of illegal gold mining on the country’s economy and environment.

Consequences of Engaging with Sanctioned Individuals and Companies

Those who engage in transactions with the sanctioned individuals and companies may face severe penalties, including:

  • Asset freezes
  • Trade restrictions
  • Criminal prosecution

The move is seen as a significant step towards combating illegal gold mining activities in Uganda and protecting the country’s natural resources.