#ECOT2611061AFrance Freezes Assets of TECHNOLAB and Aziz Ahmad Allouch for Six Months
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This order freezes the funds and economic resources of TECHNOLAB and Aziz Ahmad Allouch for six months. It also bans anyone from making funds or economic resources available to them, directly or indirectly, during that period. Banks, payment firms, insurers, exporters, and compliance teams with exposure to France should screen these names immediately, block any matching assets, and stop transactions or support that could benefit them.
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Key Changes
- Freezes the assets and economic resources of TECHNOLAB for six months
- Freezes the assets and economic resources of Aziz Ahmad Allouch for six months
- Prohibits direct or indirect provision or use of funds or economic resources for their benefit
Obligations
What this law requires
Freeze all funds and economic resources belonging to, owned, held, or controlled by TECHNOLAB at Nabih Berry Road, Madina Building, Block A, Nabathieh, Deir el Zaharani, Lebanon.
Freeze all funds and economic resources belonging to, owned, held, or controlled by Aziz Ahmad Allouch, born 26 October 1977 in Deir el Zaharani, Lebanon.
Do not make funds or economic resources available, directly or indirectly, to TECHNOLAB during the six-month asset-freeze period.
Do not use funds or economic resources for the benefit of TECHNOLAB during the six-month asset-freeze period.
Do not make funds or economic resources available, directly or indirectly, to Aziz Ahmad Allouch during the six-month asset-freeze period.