mohameds sanctions

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Mohameds’ Gold Trading and Cambio Businesses Stalled, but Government Reluctant to Seize Firearms

The sanctions exerted a penetrating effect on Mohameds Enterprises. Within 48 hours of the announcement of the sanctions, the Bank of Guyana revoked the Cambio license of the Mohameds. Although their gold dealer license has not been revoked, this publication understands that the Guyana Gold Board has subsequently suspended doing business with the Mohameds. The Government of Guyana, however, has expressed that they will proceed with caution from here on and has no immediate plans to seize the firearms or revoke the firearm licenses of the Mohameds.

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The USA Had Been Denying Tourist Visas to the Mohameds for Over Ten Years

The sudden US clampdown on the billionaire Mohameds family of Georgetown, Guyana, South America has left many Guyanese in a state of shock and sadness. Many people question, “why now” or “why so suddenly.” After all, for the past four years or so, the Mohameds family, especially the younger Azzrudin Mohamed, had been in the habit of publicizing their outstanding philanthropic deeds via their Facebook Page, Team Mohameds, and had been receiving much praises, recognition, and accolades from the general Guyanese public.

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US Government Yet to Provide Details on Investigations that Led to Sanctions

It would be recalled that, immediately following the actions taken on June 11 by the Office of Foreign Assets Control (OFAC) within the United States Department of the Treasury to sanction certain Guyanese individuals and entities, the Government of Guyana wrote the US authorities requesting relevant information to be shared with us to facilitate our own investigation of the matters concerned.