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Mohamed Hamsho

Position: Syrian Businessman

Sanctions: US (August 4, 2011)

The United States sanctioned Mohamed Hamsho, a Syrian businessman, on August 4, 2011, accusing him of providing a front for Maher Assad’s financial transactions.[1] The US also accused Hamsho, who controls the Treasury-designated holding company Hamsho International Group, of acquiring wealth and prominence through cronyism.[2]

Furthermore, the US attributes Hamsho’s success in previous Syrian parliamentary elections to large amounts of money that he paid to the incumbent Syrian government.[3]

Under Secretary for Terrorism and Financial Intelligence David S. Cohen explained: “Muhammad Hamsho earned his fortune through his connections to regime insiders, and during the current unrest, he has cast his lot with Bashar Assad, Maher Assad and others responsible for the Syrian government’s violence and intimidation against the Syrian people. The sanctions we are applying today to Hamsho and his company are the direct consequence of his actions.”[4]


[1]“Treasury Sanctions Prominent Syrian Businessman,” U.S. Department of the Treasury, August 4, 2011.                                                                  (http://www.treasury.gov/press-center/press-releases/Pages/tg1269.aspx)

[2]“Treasury Sanctions Prominent Syrian Businessman,” U.S. Department of the Treasury, August 4, 2011.                                                                  (http://www.treasury.gov/press-center/press-releases/Pages/tg1269.aspx)

[3]“Treasury Sanctions Prominent Syrian Businessman,” U.S. Department of the Treasury, August 4, 2011.                                                                  (http://www.treasury.gov/press-center/press-releases/Pages/tg1269.aspx)

[4]“Treasury Sanctions Prominent Syrian Businessman,” U.S. Department of the Treasury, August 4, 2011.                                                                  (http://www.treasury.gov/press-center/press-releases/Pages/tg1269.aspx)