#ECOT2611054AFrance Freezes Assets of Iyad Mahrous and Related Companies
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This order freezes, for six months, the funds and economic resources of Iyad Mahrous and four related companies linked to Syria: Al Mahrous Group, Floating Image Co, Mahrous Trading FZE, and Mahrous Trading Company. Banks, insurers, payment firms, exporters, and other businesses must not make funds or economic resources available to these listed people and entities, directly or indirectly. Compliance teams should update sanctions screening lists and block any matching assets or transactions.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Freezes the assets of Iyad Mahrous and four related companies for six months
- Bans direct or indirect provision of funds or economic resources to the listed parties
- Requires businesses to screen and block matching assets and transactions from the publication date
Obligations
What this law requires
Freeze all funds and economic resources belonging to, owned, held, or controlled by Iyad Mahrous, including aliases Mohammed Iyad Makhros, Iyad Mohammad Esam Mahrous, and Iyad Mahrus, for six months from the order’s publication.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Al Mahrous Group, Rawda Street, Damascus, Syria, for six months from the order’s publication.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Floating Image Co, Mazra'a Street, Damascus, Syria, for six months from the order’s publication.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Mahrous Trading FZE, LB15238 Jebel Ali, Emirate of Dubai, PO Box 85447 Dubai, United Arab Emirates, for six months from the order’s publication.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Mahrous Trading Company, 10 El Farek Asmael Srhank Street, Laurent District, Alexandria, Egypt, for six months from the order’s publication.