OFAC

Banque du Liban Bans Inflow of Funds Linked to Sanctioned Entities

This is Beirut, 02/09 09:50 - Reading : 1 minute(s)

Banque du Liban Washington OFAC Sanctions

On Tuesday, the Banque du Liban (BDL) issued Circular No. 170, banning the direct or indirect entry of funds linked to Lebanese organizations subject to international sanctions, especially those imposed by the US Office of Foreign Assets Control (OFAC). The central bank cautioned that permitting such financial flows could endanger the ties ...

US Sanctions 18 Entities and Vessels Tied to Financing Houthis

This is Beirut, 2024-10-17 18:20 - Reading : 1 minute(s)

US Sanctions Houthi Movement US Treasury Department iran IRGC OFAC

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eighteen entities, including companies, individuals, and vessels, for their connection to Sa’id al-Jamal, a finance official linked to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthi movement. These sanctions target individuals ...

US Sanctions Against Iranian Entities Financing the Houthis

This Is Beirut, 2023-12-28 18:50 - Reading : 3 minute(s)

economic sanctions Houthis Iran OFAC USA

The US Treasury’s Office of Foreign Assets Control (OFAC) designated one individual and three entities responsible for facilitating the flow of Iranian financial assistance to Houthi forces and their destabilizing activities, mainly in the Red Sea. Among those designated on Thursday is the head of the Currency Exchangers Association in Sana’a ...

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