OFAC Blocks 2 Shipping Companies, Etc. Under Kingpin Act
The Office of Foreign Assets Control has designated Lebanese narcotics trafficker Ayman Joumaa, as well as nine individuals and 19 entities connected to his drug trafficking and money laundering organization, as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act. These designations include:(1) Phenicia Shipping Offshore SARL of Lebanon and (2) Ellissa Shipping of Benin. As a result of today’s designations, U.S. persons are prohibited from conducting financial or commercial transactions with these individuals and entities and any assets the designees may have under U.S. jurisdiction are frozen.
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OFAC has also updated its Specially Designated Nationals list to include these designations.