British Shells and the Beirut Blast
About The EventWhat do OFAC-sanctioned individuals, a network of British shell companies, and a Moldovan-flagged ship have in common? They are all linked to the 2020 explosion in Beirut that killed hundreds and left thousands more homeless. The explosion in Beirut was allegedly the largest non-nuclear explosion in history. It has since emerged that the cause of the explosion was Ammonium Nitrate owned by a “dormant” UK company. Moreover, this company has strong ties to other UK companies, which are themselves linked to sanctioned individuals operating in former ISIS-controlled territories in Syria. One of whom was sanctioned for attempting to buy Ammonium Nitrate. Join journalist and co-host of the podcast The Dark Money Files, Graham Borrow, as he lays out the fascinating investigation that unearthed a truly international web of hidden companies and bad actors.
Attendees will learn about:
- The complexities of shell company ownership
- How difficult it can be to decipher ultimate beneficial owners
- The vital role that sanctions compliance officers play in protecting the international community
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Non Members of the AssociationYou must be a member in order to attend this webinar. To learn about ACSS membership, click here.