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- FINANCIAL INTELLIGENCE REPORT
Station Amman | November 2025
1. SUMMARY: Report on financial flows associated with Pinnacle Capital Group (PCG), a Dubai-based investment advisory firm with connections to arms procurement networks in the Middle East.
2. ENTITY PROFILE: Pinnacle Capital Group is registered in the Dubai International Financial Centre (DIFC) since 2021. The firm's beneficial owner is Farid Mansour, a Lebanese-Australian dual national with a background in commodities trading. Mansour previously operated a commodities firm, Eastern Mediterranean Trading Co., which was investigated by Australian Federal Police in 2019 for suspected involvement in brokering arms sales to non-state actors in Libya. The investigation did not result in charges but Mansour relocated to Dubai shortly afterward.
3. FINANCIAL FLOWS: Analysis of financial intelligence reporting from cooperating regional banking partners reveals the following transaction patterns:
a) Between January and October 2025, PCG transferred a total of USD 12.3 million to three entities:
- Global Horizon Foundation (Geneva): USD 8.7 million across 14 transactions
- Meridian Logistics LLC (Cyprus): USD 2.1 million across 6 transactions
- Aegean Maritime Services (Greece): USD 1.5 million across 4 transactions
b) PCG received funds primarily from two sources:
- A series of accounts at Bank Al-Jazira (Riyadh) held in the name of Al-Furqan Investment Holdings: USD 9.8 million
- An account at Habib Bank AG Zurich held by a Liechtenstein trust (Alpenrose Stiftung): USD 4.2 million
4. AL-FURQAN INVESTMENT HOLDINGS: This entity is controlled by members of a prominent Gulf business family with known sympathies toward Sunni opposition groups in Syria. Family members have been subject of previous reporting regarding financial support to armed groups, though no formal designations have been applied.
5. NETWORK ANALYSIS: The financial flows suggest PCG serves as a financial intermediary channeling funds from Gulf-based sources to a logistics network comprising GHF (cover organization/last-mile delivery), Meridian Logistics (shipping/transport), and Aegean Maritime Services (transshipment/staging). The total financial flows significantly exceed what would be expected for the stated humanitarian and commercial purposes of the recipient entities.
6. ARMS PROCUREMENT INDICATORS: Mansour was observed meeting with Viktor Antonov, a Ukrainian national designated by the EU in 2022 for involvement in arms trafficking to conflict zones in Africa and the Middle East. The meeting took place at the Burj Al Arab hotel in Dubai on September 28, 2025. Antonov is known to broker procurement of Eastern European military surplus, including anti-tank guided missiles, man-portable air defense systems, and armored vehicles.
7. ASSESSMENT: The financial architecture connecting PCG to GHF, Meridian Logistics, and Aegean Maritime Services, combined with Mansour's background in arms-adjacent commodities trading and his contact with a designated arms trafficker, strongly suggests that these financial flows are funding an arms procurement and delivery operation rather than legitimate humanitarian or commercial activities. The Gulf-based funding sources are consistent with known patterns of private financing for armed opposition groups in Syria. Station recommends coordination with Treasury/OFAC for potential designation action.