#ECOT2614721AFrance Freezes Assets Linked to Barakacity for Six Months
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France freezes the funds and economic resources of Barakacity, Barakacity Limited, Driss Yemmou Sihamedi, and entities they own, control, or direct for six months. The measure also blocks others from making funds or economic resources available to them, directly or indirectly. Banks, payment providers, businesses, charities, and any party dealing with the named persons or related entities need to screen relationships and stop any transfer, payment, or use of assets that would benefit them during the freeze period.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Freezes funds and economic resources linked to Barakacity, Barakacity Limited, and Driss Yemmou Sihamedi for six months
- Extends the freeze to entities they own, control, or direct
- Bans direct or indirect provision or use of funds and economic resources for their benefit
Obligations
What this law requires
Freeze all funds and economic resources owned, possessed, held, or controlled by Barakacity, Barakacity Limited, Driss Yemmou Sihamedi, or any legal person or entity they own, control, direct, or that knowingly acts on their behalf or instructions.
Do not directly or indirectly make funds or economic resources available to Barakacity, Barakacity Limited, Driss Yemmou Sihamedi, or entities they own, control, or that knowingly act for their account or on their instructions.
Do not use funds or economic resources for the benefit of Barakacity, Barakacity Limited, Driss Yemmou Sihamedi, or any entity they control, own, or that knowingly acts for their account or on their instructions.