Abu Sumbol

Abu Sumbol has handled funds on behalf of al-Jamal, including funds connected to his business with Lebanese Hizballah

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Risk Level:99%

May harm your business future. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action.

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Abu Sumbol General Trading (L.L.C) (Abu Sumbol) has operated in a similar fashion out of its headquarters in Dubai. Abu Sumbol has handled funds on behalf of al-Jamal, including funds connected to his business with Lebanese Hizballah. Employees of Abu Sumbol have collected millions of dollars in cash on behalf of al-Jamal that has then been transferred through an intermediary currency exchange.

Iran-based Houthi financial facilitator Sa’id al-Jamal (al-Jamal) has for years relied on an array of exchange houses, both in Yemen and abroad, to remit the proceeds of Iranian commodity sales to the Houthi movement and IRGC-QF

Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Abu Sumbol responsible for providing tens of millions of dollars’ worth of foreign currency generated from the sale and shipment of Iranian commodities, backed by the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), to the Houthis in Yemen. Through a complex network of exchange houses and companies in multiple jurisdictions, these persons, under the auspices of U.S.-sanctioned Houthi and IRGC-QF financial facilitator Sa’id al-Jamal, serve as an important conduit through which Iranian money reaches the country’s militant partners in Yemen.

“The Houthis continue to receive funding and support from Iran, and the result is unsurprising: unprovoked attacks on civilian infrastructure and commercial shipping, disrupting maritime security and threatening international commercial trade,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Treasury will continue to disrupt the financial facilitation and procurement networks that enable these destabilizing activities.”

Since October, the Houthis have conducted multiple unprovoked missile and drone attacks threatening civilian infrastructure in Israel and commercial shipping operating in the Red Sea and the Gulf of Aden. U.S. warships operating in international waters have had to respond in self-defense to missile attacks from the Houthis. Such actions further regional instability and risk broadening the conflict between Israel and Hamas.

Also Known As:
Abu Sumbol General Trading (L.L.C)

06 Sep 2000

United Arab Emirates

PO Box 86973, Dubai, United Arab Emirates
Deira Al Riqqa, Dubai, United Arab Emirates

Business Registration Number:
521012 (United Arab Emirates)

Economic Register Number (CBLS):
10803911 (United Arab Emirates)

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on December 7, 2023 pursuant to Executive Order 13224, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Sa’id al-Jamal;