Person

Nazem Said Ahmad

Tie to Hezbollah, in the Government's Words

“Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations”

“We have reasonable grounds to suspect that Nazem AHMAD (‘AHMAD’) is an involved person under reg. 6 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) AHMAD has been associated with an involved person, namely Hizballah; and (2) AHMAD has been involved in terrorist activity by providing financial services, or making available funds or economic resources, for the purposes of terrorism.”

“Ahmad was also an associate of high-level members of Hezbollah, a Lebanon-based terrorist group that was designated by the United States as a Foreign Terrorist Organization and Specially Designated Global Terrorist.”

What Treasury Said

“This action targets Lebanon-based Nazem Said Ahmad (Ahmad) who provided financial support to Hizballah.”

“Ahmad, who has a vast art collection, is one of Hizballah’s top donors, generating funds through his longstanding ties to the ‘blood diamond’ trade.”

Linked To

• Linked To: HIZBALLAH

As Listed

• U.S. Treasury AHMAD, Nazem Said
• United Kingdom Nazem AHMAD
• Justice Department Nazem Ahmad

Why These Entries Are One Profile

• UK entry CTD0002: UK statement of reasons: WHITE STAR DMCC and BEST DIAMOND HOUSE DMCC are controlled by AHMAD. DOJ indictment (justice.gov/media/1287636/dl): 'Defendant NAZEM AHMAD was identified as the owner of Best Diamond House DMCC'; the DOJ release says OFAC designated Nazem Ahmad. UK alias 'Nazem Said AHMED' = OFAC 'AHMAD, Nazem Said'.
• Justice Department release: the release says Treasury designated this person, and the name matches the entry

Exhibits

1. Exhibit 1

   U.S. Treasury, OFAC, Specially Designated Nationals List entry: AHMAD, Nazem Said, Specially Designated Nationals List entry, Dec. 13, 2019, sanctionssearch.ofac.treas.gov.

   Fetched Oct. 20, 2026.

2. Exhibit 2

   UK Foreign, Commonwealth and Development Office, UK Sanctions List entry CTD0002: Nazem AHMAD, UK Sanctions List entry, Apr. 18, 2023, gov.uk.

   Fetched Oct. 20, 2026.

3. Exhibit 3

   U.S. Department of Justice, OFAC-Designated Hezbollah Financier and Eight Associates Charged with Multiple Crimes Arising Out of Scheme to Evade Terrorism-Related Sanctions, press release, Apr. 18, 2023, justice.gov.

   Fetched Oct. 20, 2026.

   Summary The U.S. Department of Justice announced that a nine count indictment was unsealed in the Eastern District of New York charging Nazem Ahmad and eight co defendants with crimes involving alleged evasion of U.S. terrorism related sanctions, customs laws, and money laundering restrictions. The indictment was unsealed on the date of the announcement, and one defendant was arrested in the United Kingdom at the request of the United States while the other defendants, including Ahmad, remained at large.

4. Exhibit 4

   U.S. Department of the Treasury, Treasury Designates Prominent Lebanon and DRC-Based Hizballah Money Launderers, press release, Dec. 13, 2019, home.treasury.gov.

   Fetched Oct. 20, 2026.

   Summary The U.S. Department of the Treasury’s Office of Foreign Assets Control announced designations of Lebanon based Nazem Said Ahmad, Democratic Republic of the Congo based Saleh Assi, Lebanon based accountant Tony Saab, their affiliated companies, and the vessel Flying Dragon under Executive Order 13224, as amended. The action was taken on the date of the document and requires the blocking and reporting of the designated persons’ property and interests in property within the United States or under the possession or control of U.S. persons.

Cite this pageMiddle East Forum, “Nazem Said Ahmad,” Party of God, Inc., accessed October 21, 2026.