US TREASURY TARGETS SANCTIONS EVASION CONDUITS FOR MAJOR HIZBALLAH FINANCIERS

On 24^th April, OFAC further targeted the global business operations of Hizballah by designating 2 individuals and 3 entities said to be acting as conduits for sanctions evasion schemes.  These include BSQRD LIMITED, a UK company, OFFISCOOP NV and VOLTRA TRANSCOR ENERGY BVBA (formerly Softline) of Belgium.  Also, another Belgian entity, ENERGY ENGINEERS PROCUREMENT AND CONSTRUCTION (aka GLOBAL TRADING GROUP, under which name it was formerly listed).

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190424.aspx

https://home.treasury.gov/news/press-releases/sm668

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 View all posts by raytodd2017