WASHINGTON, DC -- Today the U.S. Treasury Department’s Office of Foreign Assets Control removed PacNet’s CEO Rosanne Day, General Counsel Paul Davis, and Gerard A. Humphreys from its list of specially designated foreign nationals. OFAC has now acted to remove from its list of specially designated nationals all 12 employees and officers of PacNet who previously had been included on the list.

Following is a statement by George Calhoun of Ifrah Law, attorneys for PacNet:

“The officers and employees of PacNet have cooperated fully with this investigation and are pleased to announce this speedy delisting. Prior to this designation, PacNet operated without incident and with compliant business practices for over 20 years. This listing has devastated their business, and our clients are thankful and relieved by this resolution. OFAC has agreed to the additional delisting of the PacNet companies in the coming weeks."

PacNet Services Ltd. is a Canadian company which before the OFAC designations provided payment processing solutions for a wide variety of clients, including internationally recognized businesses as well as small and medium sized commercial enterprises and charitable organizations.

Ifrah Law is a Washington, D.C.-based law firm that specializes in litigation and defense of government investigations with a specialty in online gaming, payment processing and cryptocurrency. For more information, please visit ifrahlaw.com.