OFAC designates Hizballah-linked individuals under counter-terrorism sanctions
Sanctions teams must load new Hizballah-linked SDNs and secondary-sanctions indicators
OFAC
·
Change
OFAC added multiple Hizballah-linked individuals to the SDN List under the SDGT program and updated existing Al-Qa’ida-linked SDN records.
Why it matters
The designations create immediate screening, blocking and reporting obligations for US-person exposure involving the newly listed individuals. The update also adds or revises linked-party, nationality, identifier and target-type fields, requiring sanctions teams to screen beyond primary names and account for secondary-sanctions indicators under E.O. 13224 and the Hizballah Financial Sanctions Regulations.
Implications
- — Sanctions-screening teams must add the newly listed Hizballah-linked individuals, aliases, national IDs, passport numbers and other identifiers to SDN screening filters.
- — Payments and correspondent-banking teams must block and report US-person property exposure involving the newly listed SDNs and escalate matches carrying secondary-sanctions indicators.
- — Nonprofit and charity-banking compliance teams must update customer and counterparty checks for the revised Lajnat Al Daawa Al Islamiyya record, including its target type and Al-Qa’ida linkage.
Full decision brief
See the decision layer
Use 1 free preview to unlock implications, who’s affected, what to watch, and Clarify for this brief.
2 free previews left this month · Resets 1 Jun
Source