An art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but it has not stopped him from smuggling half a billion or so dollars for Hizbullah, a Lebanese militant group, according to America’s Treasury.
An art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but it has not stopped him from smuggling half a billion or so dollars for Hizbullah , a Lebanese militant group, according to America’s Treasury . He moves art, cash and gems across borders via galleries in the Ivory Coast , family offices in theand portfolio firms in Hong Kong .
His financial tapestry is underpinned by bank accounts in America. All of this displeases Western policymakers, who are trying to make sanctions more stringent. Mr Ahmad is one of several magnates on whom sanctions have been adjusted. The’s 13th wave of measures against Russia, agreed on February 21st, will punish some Chinese firms for supplying Vladimir Putin with weaponry and other banned goods. President Joe Biden has announced that foreign banks settling payments for such goods could be next, and is planning more sanctions on Russia after the death of Alexei Navalny, an opposition politician, on February 16t
Art Collector Financier Smuggling Hizbullah Sanctions American Treasury Borders Galleries Ivory Coast Family Offices Hong Kong Bank Accounts Western Policymakers Stringent Magnates Measures Russia Chinese Firms Vladimir Putin Weaponry Banned Goods President Joe Biden Foreign Banks Payments Alexei Navalny Opposition Politician
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Even the minions are mocking AI art nowNatalie is Creative Bloq's staff writer. With an eye for trending topics and a passion for internet culture, she brings you the latest in art and design news. A recent English Literature graduate, Natalie enjoys covering the lighter side of the news and brings a fresh and fun take to her articles.
Read more »
Samlesbury art installation tells tale of 16th century love and tragedySamlesbury Hall is hosting a brand new art installation Samlesbury Hall is celebrating love this February with an art installation presenting the tragic tal
Read more »
This Apple Vision Pro art app revolutionises learning to drawJoe is a regular freelance journalist and editor at Creative Bloq. He writes news and features, updates buying guides and keeps track of the best equipment for creatives, from monitors to accessories and office supplies.
Read more »
Brian Walshe, charged with murdering wife, sentenced in art fraud caseBrian Walshe, the Massachusetts man accused of killing his wife on New Year's Day 2023 and lying about where she went, was sentenced in Boston's federal court…
Read more »
Iris Van Herpen’s New Book Is About “What Moves” HerAs her new book Sculpting the Senses is published, the groundbreaking designer discusses skydiving, fashion as art, and why her work connects to science and architecture
Read more »
Liverpool museums to close for 'extended period'Strike action will close the International Slavery Museum, Maritime Museum, Museum of Liverpool, World Museum and Lady Lever Art Gallery
Read more »