People & Institutions
Hamad al-Moussawi
حمد الموسوي
Also written: AL MUSAWI, Hamad Yasir Mohsin; AL MOSAWI; AL MUSAWI, Hammed Muhsen
This page sets out what the documents in this archive record about this person: the legal status on the date shown, the cases, the official registers and the sources.
Legal status as of 4 October 2026
Under sanctions
Placed on a government sanctions list. An official act, not a court judgment.
What the documents say
- Designated by OFAC (under Executive Order 13224, which concerns the financing of terrorism) on 29 January 2024; named in the 2015 committee allegations; no Iraqi conviction is on record.
- Designated by OFAC on 29 January 2024 under Executive Order 13224, which concerns the financing of terrorism, for support to the Quds Force of Iran's Revolutionary Guards.
- Designated by OFAC, 29 January 2024, under Executive Order 13224 as amended, which concerns the financing of terrorism (linked to the Quds Force of Iran's Revolutionary Guards). Named (with Al-Huda) in 2015 Chalabi parliamentary-committee letter to the Integrity Commission (accused by the committee); outcome of Iraqi investigation is not on record.
- Kind
- Person
- Roles
- Owner, chairman ("president of the board") of Al-Huda Bank (Treasury); co-owner of an exchange company that received about $5.8bn (OCCRP/Chalabi committee); elected to Iraqi parliament 2018 (OCCRP)
- Institutions
- Al-Huda Bank
Cases
These are the cases in this archive that name this entry, with the status in each case on the date shown.
| Case | Role | Status in this case | Detail | As of |
|---|---|---|---|---|
| Parliamentary finance committee (Ahmad Chalabi) dossier: Al-Huda Bank and forged import documents in the dollar auction | Owner and board president, Al-Huda Bank | Under sanctions | Designated by OFAC (under Executive Order 13224, which concerns the financing of terrorism) on 29 January 2024; named in the 2015 committee allegations; no Iraqi conviction is on record. | 25 September 2026 |
| Al-Huda Bank: FinCEN Section 311 finding and OFAC designation of its owner (2024) | Owner and president of the board, Al-Huda Bank | Under sanctions | Designated by OFAC on 29 January 2024 under Executive Order 13224, which concerns the financing of terrorism, for support to the Quds Force of Iran's Revolutionary Guards. | 25 September 2026 |
In the registers
Being listed in a register records a role, an ownership stake, a licence or a designation. It is not an allegation. All registers
Banks
| Role | Bank | Share | As of | Sources |
|---|---|---|---|---|
| Chairman | Al-Huda Bank | |||
| Reported beneficial owner (US Treasury 29 January 2024) | Al-Huda Bank |
Sanctions
| Date | Authority | Action | Reason given | Document |
|---|---|---|---|---|
| 29 January 2024 | US Treasury (OFAC) | Designation Executive Order 13224, as amended (Specially Designated Global Terrorist); Linked To: IRGC-Qods Force | “for his support to the IRGC-QF, including through support for its proxy militia groups in Iraq” | Original |
Documents
These are the documents behind this entry. Each quote is given in the language of the document.
- OCCRP (Aisha Kehoe Down, Lara Dihmis, Rana Sabbagh, Kevin G. Hall)8 October 2024Press reportTier D
Iraq's Dollar Auction: The "Monster" Funneling Billions to Fraudsters and Militants Through the U.S. Federal Reserve
OriginalOver 99 percent of the money obtained by one bank in a single month in 2012 was cleared based on documents that appeared fraudulent.
- US Department of the Treasury29 January 2024Sanctions noticeTier A
U.S. Treasury Takes Action to Protect Iraqi Financial System From Abuse (jy2053)
OriginalSHA-256 aa71d7ae9a02Today, OFAC designated Hamad al-Moussawi, the owner and president of the board of directors of Iraq’s Al-Huda Bank, for his support to the IRGC-QF