Saudi Arabia, Terrorist Financing Targeting Center Partners impose sanctions on Hizballah Senior Leadership

RIYADH, 16th May, 2018 (WAM) — The Kingdom of Saudi Arabia (State Security Presidency) designated ten members, five of them belong to Hizballah’s Shura Council, the primary decision making body of Hizballah, according to the Saudi Press Agency.

Specifically, designated are Hassan Nasrallah, Naim Qasim, Muhammad Yazbak, Husayn Khaliland Ibrahim Amin al-Sayyid along with and others related to supporting activities of terrorist Hizballah (Talal Hamiyah, Ali Youssef Charara, Spectrum Group, Hassan Ebrahimi, Maher Trading) pursuant to the Law of Combating the Crimes of Terrorism and it’s Financing issued by a royal Decree No.(A/21) and in accordance with the United Nations resolution no. 1373 (2001), which targets terrorists and those providing support to terrorists or acts of terrorism. This action was taken in partnership with the United States, as the co-chair of the Terrorist Financing Targeting Center (TFTC), as well as all other TFTC member states: the Kingdom of Bahrain, the State of Kuwait, the Sultanate of Oman, the State of Qatar, and the United Arab Emirates.

In a statement, Saudi Arabia said, “The Kingdom of Saudi Arabia and our TFTC coalition partners continue to disrupt Iran and Hizballah’s destabilising influence in the region by targeting their leadership, including five members of Hizballah’s Shura Council. Hizballah is a global terrorist organization. Its leadership does not separate its military and political wings and we continue to reject the false distinction between Hizballah’s so-called ‘Political Wing’ and its terrorist and militant activities. Hizballah and its chief benefactor Iran are prolonging the human suffering in Syria, fueling the violence in Iraq and Yemen, putting the Lebanese state and the Lebanese people at risk, and destabilizing the entire region.”

As a result of today’s action, all property and interests in property of all designated individuals and entities that are in the Kingdom of Saudi Arabia or in the possession or control of KSA persons must be blocked and reported to competent authorities. The Law of Combating the Crimes of Terrorism and it’s Financing in the Kingdom of Saudi Arabia generally prohibit all dealings by KSA persons or within (or transiting) the Saudi Arabia that involve any property or interests in property of blocked or designated persons.

Each of the all individuals designated today are subject to sanctions pursuant to the Law of combating the Crimes of Terrorism and it’s Financing in the Kingdom of Saudi Arabia prohibits and imposes strict conditions on opening or maintaining in the KSA correspondent account or a payable-through account by a foreign financial institution that knowingly facilitates a significant transaction for Hizballah, or a person acting on behalf of, at the direction of, or that is owned or controlled by, Hizballah.

In addition, Saudi Arabia has already designated, Hashem Safieddine, Adham Tabaja, Al-Inmaa Group, and Al-Inmaa Engineering and Contracting, according to the Law of Combating the Crimes of Terrorism and it’s Financing.

The TFTC was announced on May 21, 2017, as a bold and historic effort to expand and strengthen the seven member states’ cooperation to counter the financing of terrorism. The TFTC facilitates coordinated disruptive actions, sharing of financial intelligence information, and member state capacity building to target terrorist financing networks and related activities that pose national security threats to TFTC members.

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