Today, the US Treasury Department’s Office of Foreign Assets Control has imposed sanctions on the well-known businessman in North Macedonia, Jordan “Orce” Kamchev.<\/p>\n
“Kamchev abused his position, engaging in corrupt activities and pursuing a selfish agenda at the expense of the democratic institutions and citizens of North Macedonia,” said Treasury Undersecretary for Terrorism and Financial Intelligence, Brian E. Nelson.<\/p>\n
According to the release, businessman Jordan “Orce” Kamchev has engaged extensively in corruption, including abuse of office, money laundering and other offenses for more than a decade beginning in the early 2000s.<\/p>\n
In 2022, Kamchev was convicted in the “Vodno Land Plots” trial for participating in a money laundering scheme related to an illegal land purchase.<\/p>\n
In a separate trial, Kamchev pleaded guilty to gross abuse of office in the “Empire Case,” in which he was suspected of criminal association, fraud, money laundering, and other crimes related to his businesses.<\/p>\n
Furthermore, Kamchev used his corrupt influence and wealth to manipulate the North Macedonian judicial system in his favor.<\/p>\n
Sanctions imposed:<\/strong><\/p>\n As a result of today’s action, all property and interests in the property of the specified person described above that are in the United States or in the possession or control of US persons are frozen and must be reported to OFAC.<\/p>\n Also, any entity that is owned directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons is also blocked.<\/p>\n Prohibitions include making any contribution or providing funds, goods or services from, to, or for the benefit of any blocked person, or receiving any contribution or providing funds, goods or services from any such person.<\/p>\n","protected":false},"excerpt":{"rendered":" Today, the US Treasury Department’s Office of Foreign Assets Control has imposed sanctions on the well-known businessman in North Macedonia, Jordan “Orce” Kamchev. “Kamchev abused his position, engaging in corrupt activities and pursuing a selfish agenda at the expense of the democratic institutions and citizens of North Macedonia,” said Treasury Undersecretary for Terrorism and Financial […]<\/p>\n","protected":false},"author":23,"featured_media":57532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[250,1803],"tags":[3472,3470,243,151,1608,587,3471],"acf":[],"yoast_head":"\n