OFAC Sanctions Lebanon-Based Companies, Officials
The Treasury’s Office of Foreign Assets Control sanctioned three Lebanon-based officials and 12 Lebanon-based entities linked to the Martyrs Foundation, which is part of Hizballah’s support network, Treasury said in a Feb. 26 press release. The designations include Atlas Holding, a company owned by the Martyrs Foundation, senior Atlas official Kassem Mohamad Ali Bazzi and 10 Atlas-affiliated companies, Treasury said. The companies operate in Lebanon’s fuel, pharmaceuticals, tourism and clothing sectors.
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.
As part of the action, OFAC also removed 13 entries from its Specially Designated Nationals List. The entries were linked to South Sudan and Israel.