Al Foulk General Trading Co. L.L.C is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Abdo Abdullah Dael Ahmed;
Abdo Abdullah Dael Ahmed has helped al-Jamal and Mahamud launder and transfer millions of dollars in support of their network;
Sa’id al-Jamal’s network has generated tens of millions of dollars in revenue with the aid of a diverse array of international commodity traders;
The U.S.-designated Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financier Sa’id al-Jamal, this network has transferred tens of millions of dollars to Yemen via a complex international network of intermediaries in support of the Houthis’ attacks. Despite persistent calls for peace from the international community, the Houthis continue their destructive campaign inside Yemen, and have repeatedly launched ballistic missiles and unmanned aerial vehicles that have struck civilian infrastructure in neighboring states, resulting in civilian casualties. Today’s action is taken in close coordination and collaboration with regional Gulf partners.
On June 10, 2021 OFAC designated al-Jamal and members of his network pursuant to E.O. 13224, as amended, for their role in generating revenue through the sale of commodities such as petroleum to fund the Houthis. Al-Jamal directs a web of front companies and vessels that smuggle fuel, petroleum products, and other commodities to customers throughout the Middle East, Africa, and Asia. Al-Jamal is aided by Turkey-based Abdi Nasir Ali Mahamud and his network of businesses, which have served as a cover for al-Jamal’s activities.
Also Known As:
Al Foulk General Trading Co. L.L.C
Organization Established Date:
24 Jul 2012
United Arab Emirates
PO Box 114246, Dubai, United Arab Emirates
11th Street, Port Saeed, Deira, Dubai, United Arab Emirates
674241 (United Arab Emirates)
10884286 (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 February 23, 2022 pursuant to Executive Order 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Abdo Abdullah Dael Ahmed;