OFAC designates Lebanese money laundering organization

The Office of Assets Control of the United States Department of the Treasury has designated the Chams Money Laundering Organization as a Specially Designated Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act, and has identified the organization and its owner, Kassem Chams, as an affiliated network of Hizballah, pursuant to the Hizballah International Financing Prevention Amendments Act.  As a result of the designations, property of the designated individuals and entities in the US is blocked.

OFAC press release

You are currently offline.