This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US sanctions Syrian money-service businesses, owners of a financial exchange

( May 30, 2023, 14:47 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control sanctioned two Syrian money-service businesses that have secretly helped the Syrian government led by Bashar al-Assad maintain access to the international financial system. OFAC is also designating three brothers who own and operate Al-Fadel Exchange, which has facilitated millions of dollars in transfers since 2021 to accounts at the Central Bank of Syria. Hezbollah has also used the exchange to transfer money into Syria, the Treasury said.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login