OFAC lists Lebanese narcotics trafficker under Kingpin Act

OFAC has designated a Lebanese individual, Kassem Chams and the Chams Money Laundering Organisation as specially designated foreign narcotics traffickers pursuant to the US Kingpin Act (asset freeze). His company, Chams Exchange, a money service business, was also designated.  

Chams is described as operating an “international money laundering network” which “launders drug proceeds throughout the world on behalf of narcotics trafficking organizations and facilitates money movements for Hizballah”. Chams and the Chams Money Laundering Organisation have been identified as an affiliated network of Hizbollah under the Hizballah International Financing Prevention Amendments Act. See OFAC Notice and Press Release.

LebanonLebanon TerrorismTerrorism United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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