Financial sanctions, Counter-terrorism

The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of (the financing of) global terrorism pursuant to Statutory Instrument SI 2019/577, the „Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its consolidated sanction list by adding one person to the list, namely:
AHMAD, Nazem
DOB: 05/01/1965. POB: Sierra Leone a.k.a: (1) AHMAD, Nazem, Ali (2) AHMAD, Nazem, Saeed (3) AHMAD, Nazim (4) AHMAD, Nazim, Sa’id (5) AHMAD, Nizam, Saed (6) AHMED, Nazem, Said (7) AHMED, Nazem, Saied (8) MUHAMADI, Kariumu Nationality: (1) Lebanon (2) Belgium Passport Number: (1) EN800609 (2) B0873597 Passport Details: (1) Issuing Country: Belgium. Date of Expiry: 19/09/2023. (2) Issuing Country: Uganda. Date of Expiry: 13 June 2021. Issued under the name Kariumu MUHAMADI. Likely issued by the Ugandan Government in Kampala on 13 June 2011. Address: (1) Baconia S.A.R.L, Mahfouz Store Street, Pearl Building, GF, Baabda, Lebanon. (2) Mteferraa From Es Semrlnd, Beirut, Lebanon. Other Information: (UK Sanctions List Ref):CTD0002. (UK Statement of Reasons):We have reasonable grounds to suspect that Nazem AHMAD (“AHMAD”) is an involved person under reg. 6 of the Counter-Terrorism (Sanctions) (EU
Exit) Regulations 2019 on the basis of the following grounds: (1) AHMAD has been associated with an involved person, namely Hizballah; and (2) AHMAD has been involved in terrorist activity by providing financial services, or making available funds or economic resources, for the purposes of terrorism. We have reasonable grounds to suspect that at least the following entities are controlled by AHMAD, and are therefore also subject to the asset freeze on AHMAD: WHITE STAR DMCC (a UAE company), BEXLEY WAY GENERAL TRADING LLC (a UAE company), BEST DIAMOND HOUSE DMCC (a UAE company), SIERRA GEM DIAMONDS COMPANY NV (a Belgium company); PARK VENTURES SAL (a Lebanon company); and THE ARTUAL GALLERY (Beirut, Lebanon). (Gender):Male Listed on: 18/04/2023 UK Sanctions List Date Designated: 18/04/2023 Last Updated: 18/04/2023 Group ID: 15887.
The man is suspected to be a (the) key financier of the Hizballah, according to an accompanying press release. All assets of the man are and must be frozen with immediate effect.
The new consolidated terrorism-related sanctions list may be accessed via this link.