Office of Foreign Assets Control (OFAC)

Two of Zimbabwe’s leading fertilizer and chemical manufacturing companies –  Chemplex Corporation limited   and Zimbabwe Fertiliser Company have been added on United States list of the Office of Foreign Assets Control (OFAC).According to an update dated  8 March, 2016 the two firms are effectively under sanctions. The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security…