Monaco renews six asset freezes, updates Russia and Islamic State sanctions entries
Monaco renewed six domestic asset-freeze listings for another six months and updated two sanctions entries tied to Russian repression technology and Islamic State financing activity.
MONACO, July 9, 2026 — Monaco has renewed six national asset-freeze designations for another six months and updated sanctions records linked to Russian surveillance technology and Islamic State financing networks, according to a decision signed July 9 by Minister of State Christophe Mirmand.
Decision No. 2026-74 amends the annex to Decision No. 2021-1, part of Monaco’s framework for freezing funds and economic resources under international economic sanctions.
The renewed listings apply to three individuals identified as KATRANGI, KASSOUM and HOURANIEH, along with three entities: SMART PEGASUS, ELECTRONIC KATRANGI TRADING and ELECTRONIC SYSTEM GROUP. The annex states that all six listings have been extended for six months, with an expiration date of Jan. 11, 2027.
The update also modifies two existing sanctions entries.
One concerns IPJSC NTK, listed under the European Union sanctions regime targeting Russian repression. Monaco’s annex describes the company as the holding company of NtechLab, a Russian facial-recognition technology firm already subject to EU restrictive measures. The record says IPJSC NTK worked with Moscow’s information technology department to develop the city’s facial-recognition system, which was then used by the internal affairs directorate to monitor and detain independent journalists. The revised entry adds aliases and Russian registration information.
The second amended entry concerns HAMIDA NABAGGALA under the United Nations Al Qaeda-Islamic State sanctions regime. The annex includes identifying details from Uganda and describes her as a mediator in financing channels. It also says she was suspected of helping finance a 2021 bombing in Kampala on behalf of Islamic State in Central Africa and was charged with attempting to force her three children in Uganda to join Islamic State camps in the Democratic Republic of Congo.
The extension keeps asset-freeze controls in place, while the amended records add identifying details, aliases and legal references that could affect sanctions screening and match quality.
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