ZAWAYA GROUP FOR DEVELOPMENT AND INVESTMENT CO., LTD.
Aliases
ZAWAYA GROUP FOR DEVELOPMENT AND INVESTMENT
ZAWAYA GROUP CO
ZAWAYA GROUP FOR DEVELOPMENT AND INVESTMENT COMPANY
ZAWAYA GROUP FOR DEVELOPMENT AND INVESTMENT CO.
Address
Africa Road, Takamul, 2nd Business Block, Khartoum, Sudan
Official reason
Sudan-based Hamas financier Abdelbasit Hamza Elhassan Mohamed Khair (Hamza), whom OFAC designated as an SDGT on October 18, is the CEO and beneficial owner of Sudan-based company Zawaya Group for Development and Investment Co. LTD and Spain-based company Zawaya Group for Development Investment Sociedad Limitada.
Larrycom for Investment Company is a Sudan-based company in which Hamza is a top executive; the company is also indirectly owned by Hamza through Zawaya Group for Development and Investment Co. LTD.
Zawaya Group for Development and Investment Co. LTD, Zawaya Group for Development Investment Sociedad Limitada, and Larrycom for Investment Company are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Abdelbasit Hamza Elhassan Mohamed Khair.
On June 6, 2003, OFAC issued the Global Terrorism Sanctions Regulations, 31 CFR part 594 (68 FR 34196, June 6, 2003 (“the Regulations”), to implement Executive Order (E.O.) 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism” (66 FR 49079, September 25, 2001). OFAC has amended the Regulations on several occasions.
On September 9, 2019, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (IEEPA) and the United Nations Participation Act (22 U.S.C. 287c) (UNPA), issued E.O. 13886, “Modernizing Sanctions To Combat Terrorism” (84 FR 48041, September 12, 2019), effective September 10, 2019. In E.O. 13886, the President, finding it necessary to consolidate and enhance sanctions to combat acts of terrorism and threats of terrorism by foreign terrorists, terminated the national emergency declared in E.O. 12947 of January 23, 1995, “Prohibiting Transactions With Terrorists Who Threaten To Disrupt the Middle East Peace Process” (60 FR 5079, January 25, 1995), and revoked E.O. 12947, as amended by E.O. 13099 of August 20, 1998, “Prohibiting Transactions With Terrorists Who Threaten To Disrupt the Middle East Peace Process” (63 FR 45167, August 25, 1998). In addition, the President amended E.O. 13224, in order to build upon initial steps taken in E.O. 12947, to further strengthen and consolidate sanctions to combat the continuing threat posed by international terrorism, and in order to take additional steps to deal with the national emergency declared in E.O. 13224, with respect to the continuing and immediate threat of grave acts of terrorism and threats of terrorism committed by foreign terrorists, which include acts of terrorism that threaten the Middle East peace process.
Section 1 of E.O. 13886 replaces in its entirety section 1 of E.O. 13224, which had been amended by a number of prior Executive orders (E.O. 13224, as amended by all such authorities, is referred to herein as “amended E.O. 13224”), but does not amend the Annex to E.O. 13224, which was previously amended by E.O. 13268 of July 2, 2002, “Termination of Emergency With Respect to the Taliban and Amendment of Executive Order 13224 of September 23, 2001” (67 FR 44751, July 3, 2002) (“amended Annex to E.O. 13224”).
