Hodroj Exchange

Bilal Hudroj (Hudroj) of Lebanon-based Hodroj Exchange S.A.R.L. (Hodroj Exchange) has worked with al-Jamal to make financial transfers to Houthi officials in Yemen

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

Info:
Bilal Hudroj (Hudroj) of Lebanon-based Hodroj Exchange S.A.R.L. (Hodroj Exchange) has worked with al-Jamal to make financial transfers to Houthi officials in Yemen

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

Hudroj and Hodroj Exchange have sent millions of dollars and euros to Yemeni exchange houses aligned with al-Jamal, including Al Hadha Exchange Co. and AlAlamiyah Express Company for Exchange and Remittance, both of which were previously designated on February 23, 2022, pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, al-Jamal. At least some of these payments were made in direct coordination with senior Houthi members.

Hudroj and Hodroj Exchange have coordinated some of these financial transfers with Türkiye-based jewelry store and money exchanger Pirlant Istanbul Kuyumculuk Ticaret Limited Sirketi (Pirlant), also known as Jawhirah Exchange, and its owner Ahmet Duri (Duri). Duri has handled millions of dollars’ worth of transactions on behalf of al-Jamal’s network. Iranian money flowing to Yemen is deposited with Pirlant before eventually being transferred to Houthi-associated exchange houses in Yemen, including millions of dollars deposited by the IRGC in this fashion. The IRGC was designated on October 13, 2017, pursuant to E.O. 13224, for assisting in, sponsoring or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-QF.

Also Known As:
Hodroj Exchange S.A.R.L.
Arabic: شركة حدرج للصيرفة ش.م.م
HUDRUJ EXCHANGE

Organization Established Date:
01 Sep 2009

Country:
Lebanon

Nationality:
Lebanon

Business Registration Number:
2017574 (Lebanon)

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 being owned, controlled, or directed by, directly or indirectly, Bilal Hudroj;