The US Treasury has designated Batoul Rida, an official of the Central Bank of Syria, as a Specially Designated National, for acting for and providing support to the government of Syria in its military campaign against the Syrian people.

It has also designated what it describes as a Syria-based front company Sigma Tech Company, and Lebanon-based front companies Shadi for Cars Trading and Denise Company for acting for or on behalf of the Scientific Studies and Research Centre (SSRC).  SSRC is a US and EU-sanctioned Syrian government agency involved in the development of non-conventional weapons, with alleged ties to the Syrian chemical weapons program.  It was originally listed in June 2005 for being connected to Syria’s weapons of mass destruction proliferation activities.

The designations are made pursuant to Executive Order 13582 and Executive Order 13382 and impose a freeze on all of their assets within US jurisdiction in addition to generally prohibiting US persons from engaging in transactions with them.

In a statement published on 31 March 2015, US Acting under Secretary for Terrorism and Financial Intelligence Adam J Szubin stated that “we are determined to use our financial tools to raise the costs to the Syrian government of its illicit activities”.

The US Treasury also updated the listing of Adib Mayaleh, a senior official of the government of Syria, to record an additional alias.

This entry was posted in Syria, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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