Print Article

UK/JERSEY sanctions art dealer with suspected ties to Hezbollah


The U.K./JERSEY government sanctioned a diamond and art dealer Tuesday, 18TH, APRIL 2023, for allegedly funding Lebanon's militant Hezbollah group.

  1. The U.K. Treasury said he financed the Iranian-backed Shiite militant organization designated an international terrorist group
  2. Ahmad was similarly sanctioned in 2019 by the U.S. Treasury, which alleged he was a "prominent Lebanon-based money launderer and significant Hezbollah financier."
  3. It also said he was smuggling "blood diamonds," mined in conflict zones and sold to finance violence.
  4. A Beirut art gallery the U.K. government identified as belonging to Ahmad did not immediately reply to an email seeking comment

Jersey Financial Sanctions Notice Counter-Terrorism Domestic 18 April 2023

  1. The Counter-Terrorism (Sanctions) (E.U. Exit) Regulations 2019 (the "U.K. Regulations") were made under the Sanctions and Anti-Money Laundering Act 2018 and provide for the imposition of financial sanctions, namely the freezing of funds and economic resources of persons who are or have been involved in terrorist activity
  2. On 18 April 2023 H.M. Treasury designated one individual and added them to the Consolidated List.
  3. On 18 April 2023 the Foreign, Commonwealth and Development Office updated the U.K. Sanctions List to reflect changes to those persons designated under the U.K. Regulations. A link to the
U.K. Sanctions List can be found below.
  1. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the "Order"), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 ("SAFL"), links to the U.K. Regulations.
  2. Any changes to asset-freeze designations made under the U.K. Regulations are effective immediately by virtue of the ambulatory provisions in Jersey's sanctions legislation.
  3. An asset freeze now applies to the person listed in the Annex to this Notice under Part 3 of SAFL.

Notice summary (Full details are provided in the Annex to this Notice)

  1. The following entry has been added to the Consolidated List and is now subject to an asset freeze:

Nazem AHMAD (U.K. Consolidated Group ID: 15887)

What you must do

  1. You must:
  • immediately check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.
  • freeze such accounts, and other funds or economic resources without prior notice and without delay.
  • refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations ("MER").
  • report any findings to MER, together with any additional information that would facilitate compliance with SAFL.
  • provide any information concerning the frozen assets of designated persons that MER may request. Information reported to MER may be passed on to other regulatory authorities or law enforcement.

Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence.


The Team

Meet the team of industry experts behind Comsure

Find out more

Latest News

Keep up to date with the very latest news from Comsure

Find out more


View our latest imagery from our news and work

Find out more


Think we can help you and your business? Chat to us today

Get In Touch

News Disclaimer

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email