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CHAMPION OF THE DAY
DK Group and Jad Dagher removed from US black list
The US Office of Foreign Assets Control (OFAC) has removed the DK Group and its General Manager Jad Dagher from its list of ‘Specially Designated Nationals’, which lists individuals and organizations that US citizens and institutions are prohibited from doing business.
In October 2014, the US Department of the Treasury accused Dagher and the DK Group of arranging the shipment of Syrian banknotes from Russia to the Central Bank of Syria.
"We were confident from the start that the decision to black list us was the result of a misunderstanding," said Dagher in a recent statement.
He said that the removal of his name and that of his company was done in record time, as the average time taken for a name to be removed from the list can range between eight and ten years.
Reported by Shikrallah Nakhoul
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Sep 01, 2016
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