OFAC DESIGNATES INTERNATIONAL HIZBOLLAH NETWORK

On 21 January, OFAC advised that it had designated Hizballah-affiliated financial facilitator Adnan Ayad, as well as members of an international network of facilitators and companies connected to him and to Adel Diab, Adnan Ayad’s business partner and fellow Hizballah financier who was designated by OFAC on 18 January.  Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are being designated under Executive Order (EO) 13224, as amended, which targets terrorists, leaders, and officials of terrorist groups, and those providing support to terrorists or acts of terrorism.

https://home.treasury.gov/news/press-releases/jy0564

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220121

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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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