OFAC ADDS TO TERRORISM SANCTIONS LISTINGS KEY FINANCIAL FACILITATORS AND CONDUITS FOR THE ISIS, AND THE ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)

On 15th April, OFAC announced a number of names being added to its terrorism sanctions lists – including the IRGC, the AL-ARD AL-JADIDAH MONEY EXCHANGE COMPANY in Iraq, and 7 individuals.  It designated key financial facilitators and conduits for ISIS operating in Europe, Africa, and the Middle East.  6 individuals, located in Iraq, Turkey, and Belgium, and the entity, an Iraq, Turkey, and Syria-based money services business, are part of the Rawi Network, a key ISIS financial facilitation group based out of Iraq, which was the target of a joint US Treasury-DoD action in October 2018.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190415_33.aspx

https://home.treasury.gov/news/press-releases/sm657

ofac

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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