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GLOBAL FIGHT AGAINST TERRORISM FUNDING

LIVE AND LET LIVE - LESS MONEY LESS TERROR

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GFATF - Adel Anwar al-Olabi

Adel Anwar al-Olabi

Known Also As: Al-Olabi, Adil Anwar; Al-‘Ulabi, ‘Adel Anwar; El-Oulabi, Adel Anouar


Country: Syria


Address: Damascus, Syria


Born: 1976;


Nationality: Syria;


Activities:



Treasury has singled out the Governor of Damascus, Adel Anwar al-Olabi, for his role in overseeing Damascus Cham Holding Company and the Marota City real estate development project. Adel Anwar Al-Olabi is being designated pursuant to E.O. 13573 for being a senior official of the Government of Syria.



Damascus Cham Holding Company has created a series of joint ventures and has facilitated the flow of private investment into the development of expropriated land. Contributing only in-kind assets (seized land), the Governorate of Damascus has depended on regime-friendly businessmen for financing, allowing private investors in Syria to profit heavily from luxury developments built on land confiscated by the Syrian regime from its own people. In each of these joint ventures, Damascus Cham Holding Company’s share of the profits is granted to the Governorate of Damascus. Damascus Cham Holding Company is being designated pursuant to E.O. 13573 for being an agency or instrumentality of the Government of Syria, or owned or controlled, directly or indirectly, by the Government of Syria or by an official or officials of the Government of Syria.

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