AL-FADEL EXCHANGE AND MONEY TRANSFER COMPANY

Aliases

AL-FADEL MONEY TRANSFER AND EXCHANGE PRIVATE JSC; AL-FADEL EXCHANGE PRIVATE JOINT STOCK COMPANY; AL-FADEL EXCHANGE AND INTERNATIONAL TRANSFER COMPANY

Address

Al-Fardous Street, Damascus, Syria; March 8th Street, Al-Sarraj Building, Ground Floor, Lattakia, Syria; Al-Express Street, Al-Farqan Quarter, Aleppo, Syria; Al-Mazza Highway, Damascus, Syria; Sayyida Zeynab, Damascus, Syria; Main Street, Jeremana, Damascus, Syria

Official reason

Al-Fadel Exchange, headquartered in Damascus, has facilitated millions of dollars in transfers since 2021 to accounts at the U.S.-designated Central Bank of Syria that benefit the Syrian government and President Bashar al-Assad. Additionally, the U.S.-designated Hizballah terrorist organization — a key ally of the Syrian regime and Iran’s IRGC-QF —... view more >

Other Information

https://home.treasury.gov/news/press-releases/jy1508

Date of listing

2023-05-30