GOVERNMENT WELCOMES LATEST DECISION BY US AUTHORITIES REGARDING ALFA NERO

Antigua and Barbuda has welcomed the latest decision from the United States as it moves to complete the auction of the Alfa Nero yacht.
Bidders for the vessel no longer require a separate license from the US Treasury Department’s Office of Foreign Assets Control (OFAC) in order to bid, or be the eventual owner.
Antigua and Barbuda’s Ambassador to the United States, Sir Ronald Sanders says OFAC provided that update to the Government.
OFAC says the bidders would not need this since the specific license issued to the Government of Antigua and Barbuda, authorizes U.S. persons and others to participate in an auction, subject to the terms and conditions of the license.
Sir Ronald says: “this latest step by OFAC is a welcome development because it relieves potential bidders of the further expense of getting a separate license and advances the completion of the necessary steps for holding the auction.”
He also reveals the Government of Antigua and Barbuda has enjoyed beneficial cooperation form many agencies of the U.S. Government in this matter, which is greatly appreciated