Designation identifiers
- UKSL unique ID
- GAC0025
- OFSI group ID
- 14128
- Designation type
- Individual
- Date designated
- 22 July 2021
- Last updated
- 9 April 2025
Regimes
- The Global Anti-Corruption Sanctions Regulations 2021
Designation sources
- UK
Sanctions imposed
- Asset freeze
- Travel Ban
- Director Disqualification Sanction
Official reasons
- Alex Nain Saab Moran engaged in serious corruption in Venezuela through his participation in two of Venezuela’s public programmes: the ‘Local Committees for Supply and Production’ (CLAP) and the Great Housing Scheme Venezuela (Spanish acronym: GMVV). In each case, contracts were improperly granted by public officials to companies owned or controlled by Saab Moran, for the benefit of the official(s) and/or for another person, including Saab Moran himself. In the CLAP programme, basic foodstuffs were provided at highly inflated prices. For GMVV, Saab Moran’s company only delivered a small proportion of the products they had agreed to deliver and for which it had been paid, misappropriating the remainder of the funds.
Other information
- The Director Disqualification Sanction was imposed on 09/04/2025.
Addresses
- Country: Cape Verde
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This directory is not a substitute for sanctions compliance screening. Ownership and control rules can apply to entities that are not separately named. Verify the current official list and obtain appropriate advice.