US Sanctions Officials of Financial Entity Tied to Hezbollah
The U.S. last week sanctioned seven senior officials and one entity linked to the Hezbollah-controlled and sanctioned financial institution Al-Qard Al-Hassan. The Office of Foreign Assets Control said the officials served in senior management roles for Al-Qard Al-Hassan and have helped it evade U.S. sanctions, allowing Hezbollah to access the "formal financial system."
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The designations target Nehme Ahmad Jamil and his company, which provided mortgage loans after the 2006 Israel-Lebanon war. OFAC also sanctioned Issa Hussein Kassir, Samer Hasan Fawaz, Imad Mohamad Bezz, Ali Mohamad Karnib, Ali Ahmad Krisht and Mohammed Suleiman Badir.