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Michel Martelly sanctioned, then cancelled

todayAugust 20, 2024 17

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On August 20th, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the former President of Haiti, Michel Joseph Martelly. He was sanctioned pursuant to E.O. 14059 for having engaged in, or having attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.

As a result of this action, OFAC is imposing the following prohibitions described in section 2 of E.O. 14059: (1) U.S. financial institutions are prohibited from making loans or providing credit to Martelly; (2) Any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which Martelly has any interest are prohibited; and (3) U.S. persons are prohibited from investing in or purchasing significant amounts of equity or debt instruments of Martelly.

Because of these prohibitions, all the promoters who have booked Sweet Micky are now obligated to cancel his future performances in New York for the Labor Day Weekend, the West Indian Caribbean Day Parade and also in Boston.

Written by: Jean Rubens

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