#ECOT2611058AFrance Freezes Assets of Two Syria-Linked Sanctions Targets
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This order freezes the funds and economic resources of Fayez Mahrous and Guang Zhou Shi Cuida Lide Trade Ltd for six months. It also bans anyone from making funds or economic resources available to them, directly or indirectly, during that period. Banks, payment providers, insurers, traders, and compliance teams in France should screen these names and block any matching assets or transactions. The measure takes effect when published in the French Official Journal.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Freezes the assets and economic resources of Fayez Mahrous for six months
- Freezes the assets and economic resources of Guang Zhou Shi Cuida Lide Trade Ltd for six months
- Bans direct or indirect provision or use of funds and economic resources for the listed targets
Obligations
What this law requires
Freeze all funds and economic resources belonging to, owned, held, or controlled by Fayez Mahrous for six months from the order’s publication in the French Official Journal.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Guang Zhou Shi Cuida Lide Trade Ltd for six months from the order’s publication in the French Official Journal.
Do not make funds or economic resources available, directly or indirectly, to Fayez Mahrous during the six-month asset-freeze period.
Do not make funds or economic resources available, directly or indirectly, to Guang Zhou Shi Cuida Lide Trade Ltd during the six-month asset-freeze period.
Do not use funds or economic resources for the benefit of Fayez Mahrous during the six-month period covered by the order.