WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted the business operations of Hizballah by designating six individuals and seven entities pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support to terrorists or acts of terrorism. Specifically, OFAC designated Lebanon-based Jihad Muhammad Qansu, Ali Muhammad Qansu, Issam Ahmad Saad, and Nabil Mahmoud Assaf, and Iraq-based Abdul Latif Saad and Muhammad Badr-Al-Din for acting for or on behalf of Hizballah member and financier Adham Tabaja or his company, Al-Inmaa Engineering and Contracting. Additionally, OFAC designated Sierra Leone-based Blue Lagoon Group LTD and Kanso Fishing Agency Limited, Ghana-based Star Trade Ghana Limited, Liberia-based Dolphin Trading Company Limited (DTC), Sky Trade Company, and Golden Fish Liberia LTD., and Lebanon-based Golden Fish S.A.L. (Offshore) for being owned or controlled by Ali Muhammad Qansu. As a result of today’s designations, all property and interests in property of these persons subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
“Hizballah is a terrorist organization responsible for the death of hundreds of Americans. It is also Iran’s primary proxy used to undermine legitimate Arab governments across the Middle East. The Administration is determined to expose and disrupt Hizballah’s networks, including those across the Middle East and West Africa, used to fund their illicit operations,” said Secretary of the Treasury Steven T. Mnuchin. “The Treasury Department will continue to sever Hizballah from the international financial system, and we will be relentless in identifying, exposing, and dismantling Hizballah’s financial support networks globally.”
Each of the six individuals and seven entities designated today are subject to secondary sanctions pursuant to the Hizballah Financial Sanctions Regulations, which implements the Hizballah International Financing Prevention Act of 2015. Pursuant to this authority, OFAC can prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly facilitates a significant transaction for Hizballah, or a person acting on behalf of or at the direction of, or owned or controlled by, Hizballah.
198 posted on 02/02/2018 8:21:28 AM PST by Steven W.