Treasury Sanctions Hezbollah International Network

WASHINGTON — Today, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) named Hezbollah-affiliated financial facilitator Adnan Ayad, along with members of an international network of facilitators and companies linked to him. and Adel Diab, Adnan Ayad’s company. partner and financial colleague of Hezbollah who was designated by OFAC on January 18, 2022.

The United States designated Hezbollah as a Foreign Terrorist Organization on October 8, 1997, and as a Specially Designated Global Terrorist on October 31, 2001. The sanctions-busting efforts of those named today demonstrate how Hezbollah accesses the international financial system and raises funds. in support of its acts of terrorism and other illicit activities. These actions undermine the stability, security and sovereignty of the Lebanese people. Hezbollah-linked financial facilitators like Adnan Ayad and Adel Diab have helped Hezbollah obtain funds through business networks that operate under the guise of legitimate business enterprises. The designation of the Hezbollah funding network described below further demonstrates the Treasury’s ongoing efforts to target Hezbollah’s attempts to exploit the global financial sector and evade sanctions.

“Today’s action exposes and targets Hezbollah’s misuse of the international financial system to raise and launder funds for its destabilizing activities as the Lebanese people suffer during an unprecedented economic crisis in Lebanon,” said said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Treasury is committed to disrupting Hezbollah’s illicit activities and is trying to evade sanctions through business networks while the group is stepping up its efforts on corrupt patronage networks in Lebanon.”

Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and the ten companies listed below are designated under Executive Order (EO) 13224, as amended, which targets terrorists, leaders and officials of terrorist groups, and those who provide support for terrorists or acts of terrorism.

ADNAN AYAD AND ADEL DIAB’S INTERNATIONAL HIZBALLAH FUNDING NETWORK

Adnan Ayad is a Hezbollah operative and businessman who, together with newly appointed Hezbollah financier Adel Diab, operates an international network of businesses. Adnan Ayad and Adel Diab called on their Lebanon-based company Al Amir Co. for Engineering, Construction and General Trading LLC raise funds and launder money for Hezbollah. Adnan Ayad is designated pursuant to EO 13224, as amended, for materially aiding, sponsoring, or providing financial, material, or technological support, or goods, or services to or in support of Hezbollah.

The Treasury also named Adnan Ayad’s son, Jihad Adnan Ayad, a member of Hezbollah and affiliated with Adnan Ayad’s trading network. Jihad Adnan Ayad is designated pursuant to EO 13224, as amended, for materially aiding, sponsoring or providing financial, material or technological support, or goods or services to or in support of Hezbollah.

Based in Zambia Hamer and Nail Construction Limited and Hamidco Investment Limited are designated to have materially assisted, sponsored or provided financial, material or technological support, or goods or services to or in support of Adnan Ayad.

Ali Adel Diab, the son of Adel Diab, is also designated today. Lebanese national Ali Adel Diab is the director and partner of Zambia-based Hamer and Nail Construction. Ali Adel Diab is designated in accordance with EO 13224, as amended, to be an officer or officer of Hamer and Nail Construction Limited, a person whose ownership and interests in property are blocked in accordance with EO 13224, as amended.

In addition to these individuals, OFAC designates the following companies that are part of Adnan Ayad and Adel Diab’s network:

Based in Lebanon Al Amir Co. for Engineering, Construction and General Trading SARL, Golden Group SAL Offshore, Inshaat Co SARL, Land Metics SARL and Landmetics SAL Off-Shore are designated as being jointly owned, directly or indirectly, fifty percent or more by Adel Diab and Adnan Ayad.

Golden Group Trading SARL, Top Fashion Gmbh Konfektionsbügelei and Jammoul and Ayad for industry and commerce are designated as being owned, controlled or directed, directly or indirectly, by Adnan Ayad.

IMPLICATIONS OF SANCTIONS

As a result of today’s action, all property and interests in property of the persons and entities named above, and any entity owned, directly or indirectly, 50% or more by them, individually or with other blocked individuals, who are in the United States or in the possession or control of US nationals, must be blocked and reported to OFAC. Unless authorized by a general or specific license issued by OFAC or otherwise exempted, OFAC regulations generally prohibit all transactions by U.S. persons or within the United States (including transactions transiting through the United States United States) that involve property or interests in property of named or otherwise blocked persons. people.

In addition, engaging in certain transactions with the designated persons and entities today carries the risk of secondary sanctions pursuant to EO 13224, as amended. Under this authority, OFAC may prohibit or impose strict conditions on the opening or maintenance in the United States of a correspondent account or transit account of a foreign financial institution that has knowingly made or facilitate any material transaction on behalf of a Global Terrorist.

For more information regarding the process for requesting removal from an OFAC list, including the Specially Designated Nationals and Blocked Persons List, please refer to OFAC’s 897 Frequently Asked Questions. Additional information regarding the sanctions programs administered by OFAC can be found here.

View the credentials of the individuals and entities designated today.

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