OFAC has sanctioned PARECO-FF and associated companies for illegal mining and armed violence in the DRC, aiming to cut off funding for armed groups

The sanctions specifically target PARECO-FF, a successor to the destabilizing PARECO armed group, along with companies in the DRC and China involved in trading conflict-linked minerals from Rubaya, a key mining area. These measures are designed to disrupt illicit revenue streams that finance armed activity and promote greater stability and transparency in the region’s mineral supply chains.