“The Syrian government is responsible for widespread brutality and violence against its own people,” said Adam Szubin, acting Under Secretary for Terrorism and Financial Intelligence. That’s why the United States continues to target the finances of all those enabling Assad to continue killing the Syrian people.
The U.S. Department of the Treasury’s Office of Foreign Assets Control, or OFAC, recently designated four individuals and six entities providing support to the government of Syria.
OFAC designated George Haswani for assisting and acting for or on behalf of the Syrian government, and HESCO Engineering and Construction Company, or HESCO, for being owned or controlled by Haswani. Haswani is a Syrian businessman who serves as a middleman for oil purchases by the Syrian regime from ISIL. HESCO is a Syrian engineering and construction company that operates energy production facilities in Syria, reportedly controlled by ISIL.
OFAC designated Mudalal Khuri for assisting and acting for or on behalf of previously designated entities and individuals, including the government Syria among others. Khuri has had a long association with the Assad regime and represents the regime’s business and financial interest in Russia.
Kirsan Ilyumzhinov, a wealthy Russian businessman, was designated for acting on behalf of the Syrian government among others. The Russian Financial Alliance Bank was also designated for being owned or controlled by Khuri and Illyumzhinov.
Nicos Nicolaou was designated for assisting and acting on behalf of designated entities and individuals including the Syrian government.
OFAC also named Primax business Consultants Limited for being owned or controlled, materially assisting, and acting for or on behalf of designated entities and individuals including the government of Syria, Ioannou, Khuri, and Nicolaou. Nicolaou is the Director and Secretary of Primax.
Hudsotrade Limited was designated for being owned or controlled by Khuri, Nicolaou, and Primax.
Ezegoo Investments Ltd. was also designate by OFAC for being owned or controlled by Ioannou, Khuri, Nicolaou, and Primax.
And finally, Kremsont Commercial Inc., a Belizean front company, was designated for being owned or controlled by Khuri and acting for or on behalf of the Government of Syria.
The United States will continue to target the finances of all those enabling Assad to continue killing the Syrian people.
