Belgium; Lebanon

1965-01-05

Baconia S.A.R.L, Mahfouz Store Street, Pearl Building, GF, Baabda, Lebanon; Mteferraa From Es Semrlnd, Beirut, Lebanon

B0873597 , Issuing Country: Uganda. Date of Expiry: 13 June 2021. Issued under the name Kariumu MUHAMADI. Likely issued by the Ugandan Government in Kampala on 13 June 2011.; EN800609 , Issuing Country: Belgium. Date of Expiry: 19/09/2023.

We have reasonable grounds to suspect that Nazem AHMAD (“AHMAD”) is an involved person under reg. 6 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) AHMAD has been associated with an involved person, namely Hizballah; and (2) AHMAD has been involved in terrorist activity by providing financial services, or making available funds or economic resources, for the purposes of terrorism. We have reasonable grounds to suspect that at least the following entities are controlled by AHMAD, and are therefore also subject to the asset freeze on AHMAD: WHITE STAR DMCC (a UAE company), BEXLEY WAY GENERAL TRADING LLC (a UAE company), BEST DIAMOND HOUSE DMCC (a UAE company), SIERRA GEM DIAMONDS COMPANY NV (a Belgium company); PARK VENTURES SAL (a Lebanon company); and THE ARTUAL GALLERY (Beirut, Lebanon).

The Director Disqualification Sanction was imposed on 09/04/2025.

2023-04-18

UK

The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019

UN, UK horizontal

Terrorism

Asset freeze and making available provisions

• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are not made available to or for the benefit of designated persons or entities, either directly or indirectly.

The government has repealed Part 1 of the Terrorist Asset-Freezing etc. Act 2010 (TAFA). The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020 and are intended to replace Part 1 of TAFA. This sanctions regime aims to further the prevention of terrorism in the UK or elsewhere and protect UK national security interests. It will ensure the UK implements its international obligations under UN Security Council Resolution 1373. You should also review the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 3) Regulations 2020 to find out any amendments made to the Regulations. These regulations have replaced TAFA, with substantially the same effect. Those persons who are designated under this regime are included on the UK sanctions list. There are two other counter-terrorism sanctions regimes: the ISIL (Da’esh) and Al-Qaida sanctions regime and the Counter-Terrorism (International) sanctions regime.

Licensing and exception provisions are contained in Part 4 of the Regulations.