OFAC has designated 6 people and 7 entities pursuant to Executive Order 13224, in order to target the “business operations of Hizballah” (a group designated as a Foreign Terrorist Organisation in 1997 and as a Specially Designated Global Terrorist (SDGT) in 2001). All of those designated in today’s action are subject to asset freezes, as well as secondary sanctions pursuant to the Hizballah Financial Sanctions Regulations, which implements the Hizballah International Financing Prevention Act of 2015.
The 6-designated people: 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 were each designated for “acting for or on behalf of Hizballah member and financier Adham Tabaja or his company, Al-Inmaa Engineering and Contracting” (both of which were designated as SDGTs in June 2015).
The 7-designated entities: Sierra Leone-based Blue Lagoon Group LTD and Kanso Fishing Agency Limited, Ghana-based Star Trade Ghana Limited, Liberia-based Dolphin Trading Company Limited, Sky Trade Company, and Golden Fish Liberia LTD., and Lebanon-based Golden Fish S.A.L. (Offshore) were each designated for being owned or controlled by Ali Muhammad Qansu (designated in today’s action). Links here for OFAC Notice and US Treasury press release.