Treasury Designates Tobacco Company for Supporting Paraguay’s Sanctioned Former President

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Paraguayan tobacco company Tabacalera del Este S.A. (Tabesa) for providing financial support to Paraguay’s former president,Horacio Manuel Cartes Jara(Cartes), who OFAC sanctioned on January 26, 2023 for his involvement in corruption. Tabesa is being designated pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world.OFAC previously identified Tabesa on OFAC’s Specially Designated Nationals and Blocked Persons (SDN) List as an entity in which Cartes owned, directly or indirectly, a 50 percent or greater interest.