US-designated man pleads guilty to evading sanctions via money laundering

US DoJLebanese businessman Kassim Tajideen, who was designated in 2009 as a Specially Designated Global Terrorist (SDGT) under Executive Order 13224 (asset freeze) for being an “important financial contributor to Hizballah”, has pleaded guilty in the DC District Court to conspiracy to launder money to evade the US sanctions imposed on him. The US Department of Justice Press Release states that Mr Tajideen, after his sanctions designation, had “conspired with at least five other persons to conduct over $50 million in transactions with U.S. businesses that violated [sanctions against him]. In addition, [Mr] Tajideen and his co-conspirators knowingly engaged in transactions outside of the [US], which involved transmissions of as much as $1 billion through the [US] financial system from places outside the [US].” Sentencing is scheduled for 18 January 2019.

This entry was posted in Terrorist Sanctions, 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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