Sunday, December 24, 2017

Montreal company named in U.S. sanctions list

accountability transparency business corruption fraud

A Montreal-based company has been placed on a United States government sanctions list that bans Americans from doing business with it.

Emaxon Finance International, which was legally headquartered in Montreal, was placed on the list due to its connection with Dan Gertler, an Israeli billionaire and one of “13 serious human rights abusers and corrupt actors” facing sanctions, the U.S. Treasury Department said on Thursday.

U.S. residents, citizens and corporations are legally barred from doing business with companies on the sanctions list and any U.S. assets held by those companies are frozen.

According to Quebec’s enterprise registry, Emaxon Finance International’s corporate registration was cancelled in July, after it failed to file annual declarations with the provincial government for two consecutive years.

The company’s sole listed shareholder is DGI Diamonds Ltd., an Israeli firm owned by Gertler.  (more...)


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