On 26 November, OFAC announced the delisting of multiple individuals from the Counterterrorism Sanctions program, including Saudi businessman Yasin Abdullah Ezzedine al-Qadi. Al-Qadi was first added to OFAC’s Specially Designated Nationals list in October 2001,when US authorities alleged that al-Qadi’s charity had been used to funnel money to Osama bin Laden. Subsequently, the United Nations and the European Union added him to their sanctions lists.

In March 2012, a US District Court rejected a suit by al-Qadi to require OFAC to delist him. The UN removed al-Qadi from its list in October 2012. In July 2013, the European Court of Justice affirmed a ruling requiring the EU to remove al-Qadi from its blacklist. In regard to the recent decision to remove US sanctions against al-Qadi, an OFAC spokesperson stated that the circumstances that resulted in his listing “no longer apply”.

OFAC, Unblocking of a Specially Designated Global Terrorist Pursuant to Executive Order 13224, 79 Fed. Reg. 72248 (Dec. 5, 2014)

Wall Street Journal Risk & Compliance Report