OFAC TARGETS QODS FORCE, HOUTHI, AND HIZBALLAH FINANCE AND TRADE FACILITATORS

On 26 March, OFAC advised that it was sanctioning 6 entities, 1 individual and 2 tankers that are based or registered in Liberia, India, Vietnam, Lebanon, and Kuwait that have engaged in facilitating commodity shipments and financial transactions for the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the Houthis, and Hizballah.

https://home.treasury.gov/news/press-releases/jy2209

https://ofac.treasury.gov/recent-actions/20240326

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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