Businessman with ties to Hizbollah sentenced to 5 years for money laundering

Kassim Tajideen, a Lebanese national who operated a network of businesses throughout Lebanon and Africa, pleaded guilty in December 2018 to conspiracy to launder money in furtherance of violating the International Emergency Economic Powers Act (IEEPA).  On August 8, 2019, Tajideen was sentenced to five years in prison and forfeiture of $50 million.

Tajideen was designated as a Specially Designated Global Terrorist in 2009 due to his financial support of Hizbollah.  The designation prohibited him from benefiting from or being involved in transactions with US persons or companies, absent a license from the US Department of the Treasury.  In connection with his guilty plea, Tajideen admitted to conspiring with other persons to conduct business transactions worth over $50 million, and to facilitate or participate in the transmission of as much as $1 billion through the US financial system, in violation of the sanctions.


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