The Trump Administration quietly issued an Executive Order (EO) last Thursday which allows for the freezing of US-housed assets belonging to foreign individuals or entities deemed “serious human rights abusers,” along with government officials and executives of foreign corporations (current or former) found to have engaged in corruption – which includes the misappropriation of state assets, the expropriation of private assets for personal gain, and corruption related to government contracts or the extraction of natural resources.
Furthermore, anyone in the United States who aids or participates in said corruption or human rights abuses by foreign parties is subject to frozen assets – along with any U.S. corporation who employs foreigners deemed to have engaged in corruption on behalf of the company.
In fact, anyone in the world who has “materially assisted, sponsored, or provided financial, material or technological support for, or goods or services” to foreigners targeted by the Executive Order is subject to frozen assets.
