OFAC designates Lebanese official for Global Magnitsky violations

On November 6, 2020, the US Department of the Treasury’s Office of Foreign Assets Control designated Gibran Bassil, a Member of Parliament and the President of the Free Patriotic Movement political party in Lebanon, for his involvement in corruption and the economic mismanagement of that country.  Bassil has been designated pursuant to Executive Order 13818, that implements the Global Magnitsky Human Rights Accountability Act, targeting corruption and serious human rights abuses around the world.

Since 2019, the Lebanese people have been protesting the government and seeking political, social and economic reform, stemming from rising inflation, mounting debt, and a failing infrastructure that includes unreliable electricity and an unprecedented garbage crisis that endangers the health of Lebanese citizens.  Bassil has held several high-level positions in the Lebanese government, advancing his personal interests over those of the Lebanese people, by appointing friends to government positions, and awarding several government projects to individuals close to him, paid with government funds though a collection of front companies. 

As a result of this designation, all US property is blocked, and all transactions and dealings with this individual is generally prohibited.  In addition, any entity in the US that is owned fifty percent or more by a sanctioned individual is also blocked.

Department of the Treasury Press Release | Global Magnitsky designation

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