The group no longer offers payment services effective 22nd September 2016

Actions

  

On 22nd September 2016, the United States Government, Department of Treasury’s Office of Foreign Assets Control designated PacNet Services, approximately 33 group companies and subsidiaries, and 12 individuals as a “Transnational Criminal Organization” and added their names to its list of Specially Designated Nationals. As a result, it was impossible to continue business and the Group commenced an orderly shut-down of all its business activities.

  

The designations were based on a non-judicial allegation that PacNet conspired in fraudulent activities of “Direct Mail” marketers active in the United States and elsewhere. PacNet and its officers vigorously deny the accusation and have presented factual evidence to OFAC that the action was unjust and undeserved. No accusations whatsoever were made against Chexx Inc or Counting House.


Over the following 13 months the Office of Foreign Assets control removed the designations of all 12 individuals and all entities. 

outcomes

All companies and individuals were removed from OFAC's Sanctions List.

Below are links to the official de-listing notifications for each PacNet related individual or entity named in OFAC's press release of 22 September 2016.  All individuals and entities originally named to the OFAC sanctions list were removed from the list between the dates of 16 February 2017 and 26 October 2017.   No PacNet Group related entity or individual remains on the list. 


  

26th October, 2017


All PacNet Group Companies

 

4th October, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20171004.aspx


22nd August, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170822.aspx


21st June, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170621.aspx


6th June, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170606.aspx?src=ilaw

 

16th May, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170516.aspx

 

6th April, 2017


 https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170406.aspx


16th February, 2017


https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170216.aspx

contact

The PacNet Services Group of Companies

Please do not hesitate to contact us with questions.