Terror organization: Hezbollah;

Status: Firas Ahmad obfuscated his ultimate beneficial ownership of Mega Gems through a front company, Oriental Dynasty Limited, directed by his wife, Rim Nasser, who acted as a nominee shareholder;

Roll: This network facilitated the payment, shipment, and delivery of cash, diamonds, precious gems, art, and luxury goods for the benefit of Hizballah financier and Specially Designated Global Terrorist Nazem Said Ahmad, who was designated on December 13, 2019, for providing material support to Hizballah;

Location: China;

Known also as: Oriental Dynasty Limited;

Address: Hong Kong, China;

Registration Number: 1558345 (Hong Kong)

Activities:
Firas Ahmad obfuscated his ultimate beneficial ownership of Mega Gems through a front company, Oriental Dynasty Limited, directed by his wife, Rim Nasser, who acted as a nominee shareholder. Concealment of his ultimate beneficial ownership is a common tactic used by Nazem Said Ahmad, which his children have also adopted to insulate themselves from legal scrutiny and assist in sanctions evasion schemes on behalf of their father.

Fadi Abbas Saad conducted transactions for funds in the interest of Firas Ahmad in a money laundering layering scheme. Fadi Abbas Saad was also Firas Ahmad’s proxy director and shareholder of Oriental Dynasty Limited from 2015 to 2018, prior to Firas Ahmad’s wife Rim Nasser relieving him of this position.

Oriental Dynasty Limited is designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Firas Ahmad;

Firas Ahmad is 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, Nazem Said Ahmad

This network facilitated the payment, shipment, and delivery of cash, diamonds, precious gems, art, and luxury goods for the benefit of Hizballah financier and Specially Designated Global Terrorist Nazem Said Ahmad, who was designated on December 13, 2019, for providing material support to Hizballah