Info:
Lebanon-based Yara Offshore SAL (Yara) is another Hizballah-affiliated company that has facilitated, using sanctioned vessels, large sales of Iranian commodities to the Syrian regime, for which the Syrian regime has paid millions of dollars to Yara. Yara also conducted transactions on behalf of U.S.-designated Hizballah and IRGC-QF front company Concepto Screen S.A.L., which OFAC previously designated pursuant to E.O. 13224, as amended, on May 25, 2022 because it was used by Muhammad Qasir and U.S.-designated Hizballah illicit finance team official Muhammad Qasim al-Bazzal to facilitate commercial transactions likely benefiting the IRGC-QF and Hizballah.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three entities and one individual located in Lebanon and Türkiye for providing critical financial support to an Iranian Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hizballah financial network. These entities have generated hundreds of millions of dollars’ worth of revenue from selling Iranian commodities, including to the Syrian government. These commodity sales provide a key source of funding for the IRGC-QF and Hizballah’s continued terrorist activities and support to other terrorist organizations throughout the region.
“Today’s action underscores our resolve to prevent the IRGC-QF and its proxy terrorist groups from exploiting the international trading system to fund their destabilizing activities,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “The United States will continue to take action to expose and disrupt these illicit schemes.”
Also Known As:
Yara Offshore SAL
YARA S.A.L. OFFSHORE COMPANY
YARA OFFSHORE SAL
Arabic: شركة يارا ش. م. ل. اوف شور
Organization Established Date:
05 Nov 2012
Country:
Lebanon
Address:
Bechara El Khoury Street, Beirut, Lebanon
Commercial Registry Number:
1806384 (Lebanon)