Trump signs Nicaragua Sanctions Act into law

Yesterday (20 December), US President Donald Trump signed into law the Nicaragua Human Rights and Anticorruption Act of 2018, which instructs the US to oppose international loans to the Nicaraguan government, unless they are sought for the purposes of addressing basic human needs or promoting democracy in Nicaragua. The Act also imposes targeted sanctions (asset freezes and travel bans) on any foreign person, including any current or former Nicaraguan government official, determined to be responsible for (inter alia) serious human rights violations and corruption. See Statement by President Trump.

Last month, pursuant to a new Nicaragua-related Executive Order, OFAC sanctioned Rosario Maria Murillo De Ortega (Vice President of Nicaragua and First Lady) and Nestor Moncada Lau (national security advisor to the President and Vice President) for their roles in serious human rights abuses and corruption (see previous blog).

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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