Yesterday, OFAC designated an Iraq-based bank (Al-Bilad Islamic Bank) and 4 people as Specially Designated Global Terrorists, pursuant to Executive Order 13224, for “mov[ing] millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to Hizballah”. All are now subject to asset freezing measures and secondary sanctions under the Iranian or Hizballah Financial Sanctions Regulations (prohibitions or strict...
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
Iran
Iraq
United States