OFAC: ADDITIONS, DELETIONS AND CHANGES TO ENTRIES ON SANCTIONS LISTS – INCLUDING CHANGES TARGETING THOSE INVOLVED WITH HIZBALLAH’S FINANCIAL ARRANGEMENTS

On 11 May, OFAC advised that 7 Lebanese individuals to its SDN list.  In addition, the entry for Vladimir Nikolaevich PAVLENKO, Minister of State Security of the so-called Donetsk People’s Republic, has been amended.  9 individuals and 5 entities on the Syrian sanctions lists have been deleted.  The Lebanese names are sanctioned for their involvement in connection with Hizballah and its financial firm, Al-Qard al-Hassan (AQAH).  AQAH, which was designated by OFAC in 2007, and is used by Hizballah as a cover to manage the terrorist group’s financial activities and gain access to the international financial system. Others are designated for having used the cover of personal accounts at certain Lebanese banks, including US-designated Jammal Trust Bank (JTB), to evade sanctions. 

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210511

https://home.treasury.gov/news/press-releases/jy0170

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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 View all posts by raytodd2017