Info:
Kassem Mohamad Ali Bazzi is a leader or official of Atlas Holding;
Kassem Mohamad Ali Bazzi serves as the CEO and Chairman of the Board of Atlas Holding as of 2019, and is the company’s largest shareholder. Additionally, according to corporate registration information, he serves as an official for several of Atlas Holdings’ subsidiaries, including:
Amana
Amana Plus
Medic
Shahed Pharm
City Pharma
al Kawthar
Global Touristic Services
Atlas Holding is owned or controlled by the Martyrs Foundation. According to corporate registration information, the Martyrs Foundation and its senior official Sheikh Yusuf Aasi are listed as founders of Atlas Holdings. As of late 2017, Atlas was among several entities identified as being subordinate to Hizballah’s Executive Council, which takes advantage of its entities’ legitimate and civilian appearance to conceal money transfers for Hizballah’s military use. Although the funding from these Executive Council companies went into Hizballah’s coffers and military activities, Hizballah hoped that the seemingly legitimate business funds could protect Hizballah from sanctions;
“Hizballah profits from the sale of goods vital to the Lebanese peoples’ health and economy, such as pharmaceuticals and gasoline,” said Secretary Steven T. Mnuchin. “The Trump Administration stands with the Lebanese people, and we are committed to exposing and holding accountable Hizballah’s terror-funding business schemes.”;
Hizballah put the Lebanese banking sector at risk through its deep coordination with Jammal Trust Bank, which was designated as an SDGT in August 2019. Atlas Holding — a company controlled by the Martyrs Foundation and subordinate to Hizballah’s Executive Council — along with several of its subsidiaries banked freely at Jammal Trust Bank despite their open affiliation with previously designated Hizballah entities. In fact, Jammal Trust Bank facilitated hundreds of millions of dollars in transactions through the Lebanese financial system on behalf of Atlas Holding and its subsidiaries, and aided Hizballah officials in evading scrutiny on these accounts from Lebanese banking authorities;
Hizballah was designated by the Department of State as a Foreign Terrorist Organization in October 1997 and as an SDGT pursuant to E.O. 13224 in October 2001. As noted in previous Treasury actions, the Lebanon office of the Martyrs Foundation acts as an Iranian parastatal organization and is an integral element of Hizballah’s global terror support network. It provides services such as financial support to the families of killed or imprisoned Hizballah members, as well as to families of suicide bombers from HAMAS and Palestinian Islamic Jihad;
Also Known As:
Bazi, Qassem Mohammed Ali
Bazzi, Qasim Mohammed Ali
Bazzi, Qasim Muhammad Ali
Born:
02 Mar 1964
Country:
Lebanon
Address:
Safco Center B1-B2, Airport Road, Beirut, Lebanon
Property 2933, Section 35, Safco Center, Basement, Airport Road, Borj al Barajneh, Lebanon
Nationality:
Lebanon