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GLOBAL FIGHT AGAINST TERRORISM FUNDING

LIVE AND LET LIVE - LESS MONEY LESS TERROR

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GFATF - LLL - Ali Saade

Ali Saade

Terror organization: Hezbollah;


Status: He is a Hezbollah financier operates in Guinea. Saade initiates money transfers from Guinea to Hezbollah, transferring funds through Hezbollah representatives in Guinea and Lebanon;


Roll: He belongs to a certain group from the Lebanese community in Guinea which are working with Hezbollah in fields of drug smuggling and money laundering in variety of different technics. During the Corona pandemic he sent large amount of money to Lebanon by flight, declaring it’s for helping the country. Of course, it arrived to Hezbollah’s hands;


Location: Guinea;


Citizenship: Lebanon;


Date Of Birth: May 18, 1942;


National Identification Number(s) and Country:
RL0420013 (Lebanon), Expiration: March 1, 2015;14205180170519 (Guinea), Expiration: May 29, 2024; 18FV09784 (France), Expiration: February 6, 2029


Known Also As:
Ali Moussa Saade


Activities:
Ali Saade (Saade) and Ibrahim Taher (Taher) are prominent Lebanese businessmen with direct connections to Hizballah. Saade initiates the money transfers from Guinea to Hizballah, transferring funds through Hizballah representatives in Guinea and Lebanon. Taher has been identified as one of the most prominent financial supporters of Hizballah in Guinea. He is believed to employ a number of individuals affiliated with Hizballah within the country;

Saade and Taher are being designated 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, Hizballah;

Saade has a close relationship with designated Hizballah supporter Kassem Tajideen (Tajideen) whom OFAC designated in 2009 for being an important financial contributor to Hizballah. At the time of his designation, Tajideen had contributed tens of millions of dollars to Hizballah and ran cover companies for Hizballah in Africa with his brothers.

Saade was Tajideen’s primary political contact in Guinea. He made significant efforts to provide Tajideen with unrestricted access to corrupt members of the former Guinean administration at the highest levels and the rest of the Guinean government. Saade also advised Tajideen on methods for making financial transfers to evade detection by regulators.

Rewards for Justice is offering a reward of up to $10 million for information that leads to the disruption of the financial mechanisms of Hizballah. Ali Saade is a Hizballah financier operating in Guinea. Saade initiates money transfers from Guinea to Hizballah, transferring funds through Hizballah representatives in Guinea and Lebanon.

As recently as 2020, a group of Guinea-based Lebanese businessmen including Saade and Hizballah financier Ibrahim Taher flew from Guinea to Lebanon on a special flight with a large amount of money. The group claimed the money was to aid the COVID-19 situation in Lebanon, thereby avoiding scrutiny. COVID-19 relief has been previously used as a cover for transferring funds from Guinea to Lebanon for Hizballah.

Saade is suspected of using fishing boats for illicit activity, such as narcotics trafficking.

On March 4, 2022, the U.S. Department of the Treasury designated Saade as a Specially Designated Global Terrorist pursuant to Executive Order 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, Hizballah. As a result of this designation, among other consequences, all property, and interests in property, of Saade that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in any transactions with Saade. In addition, it is a crime to knowingly provide, or attempt or conspire to provide, material support or resources to Hizballah, a U.S.-designated Foreign Terrorist Organization.

Connected With:

  • LLL-GFATF-Hezbollah Hezbollah Hezbollah is a Shi’a Islamist militant group and political party based...[+]
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