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

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

Info:
Atlas Holding is owned or controlled by the Martyrs Foundation;

Atlas Holding owns or controls at least ten companies in numerous sectors in Lebanon, including fuel, pharmaceuticals, tourism, and clothing;

According to corporate registration information, the Martyrs Foundation and its senior official Sheikh Yusuf Aasi are listed as founders of Atlas Holdings. As of late 2017, Atlas was among several entities identified as being subordinate to Hizballah’s Executive Council, which takes advantage of its entities’ legitimate and civilian appearance to conceal money transfers for Hizballah’s military use. Although the funding from these Executive Council companies went into Hizballah’s coffers and military activities, Hizballah hoped that the seemingly legitimate business funds could protect Hizballah from sanctions.

“Hizballah profits from the sale of goods vital to the Lebanese peoples’ health and economy, such as pharmaceuticals and gasoline,” said Secretary Steven T. Mnuchin. “The Trump Administration stands with the Lebanese people, and we are committed to exposing and holding accountable Hizballah’s terror-funding business schemes.”;

Hizballah put the Lebanese banking sector at risk through its deep coordination with Jammal Trust Bank, which was designated as an SDGT in August 2019. Atlas Holding — a company controlled by the Martyrs Foundation and subordinate to Hizballah’s Executive Council — along with several of its subsidiaries banked freely at Jammal Trust Bank despite their open affiliation with previously designated Hizballah entities. In fact, Jammal Trust Bank facilitated hundreds of millions of dollars in transactions through the Lebanese financial system on behalf of Atlas Holding and its subsidiaries, and aided Hizballah officials in evading scrutiny on these accounts from Lebanese banking authorities;

Hizballah was designated by the Department of State as a Foreign Terrorist Organization in October 1997 and as an SDGT pursuant to E.O. 13224 in October 2001. As noted in previous Treasury actions, the Lebanon office of the Martyrs Foundation acts as an Iranian parastatal organization and is an integral element of Hizballah’s global terror support network. It provides services such as financial support to the families of killed or imprisoned Hizballah members, as well as to families of suicide bombers from HAMAS and Palestinian Islamic Jihad;

Subsidiaries:
Medical Equipment & Drugs International Corporation
Shahed Pharm
Amana Fuel Company
Amana Plus Company
Al Kawthar
Amana Sanitary and Paints Company
City Pharma
Global Touristic Services
Mirath
Sanovera Pharm Company
Capital S.A.L.

Also Known As:
Atlas Holding SAL

Country:
Lebanon

Address:
Mount Lebanon Mohafaza, Baabda Casa, MEC Center, Ghobairy, Lebanon
Chiyah, Ghobeiry, Lebanon

Commercial Registry Number:
1900656 (Lebanon)

Phone:
+961 1 856 229 – +961 1 856 238

Website:
www.atlasholdinglb.com.lb

E-mail:
cs@atlasholdinglb.com.lb

Person of interests:
Kassem Mohamad Ali Bazzi is a leader or official of Atlas Holding
Sheikh Yusuf Aasi is a leader or official of the Martyrs Foundation

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 26, 2020 pursuant to Executive Order 13224 for being owned or controlled by the Martyrs Foundation;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.