OFAC DESIGNATES A LEBANESE BUSINESSMAN AND HIZBALLAH FINANCIAL FACILITATOR, AS WELL AS 5 OF HIS ASSOCIATES AND 8 OF HIS COMPANIES IN LEBANON AND IRAQ

On 19 May, OFAC announced new sanctions targeting Ahmad Jalal Reda Abdallah, in an action which it says illuminates Hizballah’s modus operandi of using the cover of seemingly legitimate businesses to generate revenue and leverage commercial investments across a multitude of sectors to secretly fund Hizballah and its terrorist activities.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220519

https://home.treasury.gov/news/press-releases/jy0796

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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