OFAC DESIGNATES COMPANIES AND OFFICIALS LINKED TO THE MARTYRS FOUNDATION FOR HIZBOLLAH LINKS

A news release from US Treasury on 26 February advised that OFAC has designated 3 Lebanon-based officials and 12 Lebanon-based entities linked to the Martyrs Foundation, part of Hizballah’s support network.  Specifically, OFAC has designated Atlas Holding for being owned or controlled by the Martyrs Foundation, as well as senior Atlas official Kassem Mohamad Ali Bazzi, and 10 Atlas-affiliated companies.  Individuals Jawad Nur-al-Din and Sheikh Yusuf Aasi were also designated for being leaders or officials of the Martyrs Foundation, which was itself designated in July 2007. Mirath S.A.L., which is owned or controlled by Jawad Nur-al-Din, was also designated.

https://home.treasury.gov/news/press-releases/sm917

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200226.aspx

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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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