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Al-Fadel Exchange And Money Transfer Company

On the SDN listEntityPAARSSR-EO13894

Al-Fadel Exchange And Money Transfer Company (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: PAARSSR-EO13894. Addresses on file in: Syria. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Syria has 113 entities, vessels or aircraft with an address on the SDN list, ranking #16 among all countries. Other sanctioned entities with an address in Damascus are listed below.

Sanctions program

Syria and regional stability (Executive Order 13894) PAARSSR-EO13894

October 2019 order targeting those who threaten peace, security or stability in Syria, and the basis of the regulations on accountability for the Assad government.

Also known as

  • AL-FADEL MONEY TRANSFER AND EXCHANGE PRIVATE JSC · aka
  • AL-FADEL EXCHANGE PRIVATE JOINT STOCK COMPANY · aka
  • AL-FADEL EXCHANGE AND INTERNATIONAL TRANSFER COMPANY · aka

Addresses on file

  • Al-Fardous Street, Damascus, Syria
  • March 8th Street, Al-Sarraj Building, Ground Floor, Lattakia, Syria
  • Al-Express Street, Al-Farqan Quarter, Aleppo, Syria
  • Al-Mazza Highway, Damascus, Syria
  • Sayyida Zeynab, Damascus, Syria
  • Main Street, Jeremana, Damascus, Syria

OFAC remarks

Website https://alfadelex.com.

Other sanctioned entities in Damascus

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that Al-Fadel Exchange And Money Transfer Company is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Al-Fadel Exchange And Money Transfer Company?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.