Treasury Sanctions Corrupt Hungarian Official

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Antal Rogan, a senior Hungarian government official, for his involvement in corruption in Hungary. He 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.“Corruption undermines a country’s governing institutions and limits its economic development, providing short-sighted gain to a select few while depriving future generations of longer-term benefit,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith.