#ECOT2613713AFrance Freezes Assets Linked to Abdesamad Merimi for Six Months
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France freezes the funds and economic resources owned or controlled by Abdesamad Merimi, also known as Abdessamad Merimi, for six months. The freeze also covers companies or other entities he owns, controls, or that knowingly act for him or under his instructions. Banks, payment providers, insurers, asset managers, and other businesses must not make funds or economic resources available to him or covered entities during the freeze. Compliance teams should screen for the named person, aliases, ownership, control links, and indirect dealings.
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Key Changes
- Freezes funds and economic resources owned, held, or controlled by Abdesamad Merimi for six months
- Extends the freeze to companies and entities he owns, controls, or uses to act on his behalf
- Bans direct or indirect provision or use of funds or economic resources for his benefit during the freeze
Obligations
What this law requires
Freeze all funds and economic resources owned, possessed, held, or controlled by Abdesamad Merimi, also known as Abdessamad Merimi, born 08/03/1969 in Beni Drar, Morocco, for six months from publication in the French Official Journal.
Freeze all funds and economic resources owned, possessed, held, or controlled by legal persons or other entities that are owned or controlled by Abdesamad Merimi, or that knowingly act on his behalf or under his instructions, for six months from publication in the French Official Journal.
Do not directly or indirectly make funds or economic resources available to, or use funds or economic resources for the benefit of, Abdesamad Merimi, also known as Abdessamad Merimi, during the six-month asset-freeze period.
Do not directly or indirectly make funds or economic resources available to, or use funds or economic resources for the benefit of, legal persons or other entities controlled or held by Abdesamad Merimi or knowingly acting on his behalf or under his instructions during the six-month asset-freeze period.