Financing and money laundering networks.. America punishes Hezbollah

Financing and money laundering networks.. America punishes Hezbollah
Financing and money laundering networks.. America punishes Hezbollah

The US Treasury Department said, on Friday, that Washington imposed new sanctions on individuals linked to the financing networks of the Lebanese terrorist militia, Hezbollah.

“Today, the US Treasury’s Office of Foreign Assets Control is imposing sanctions on members of a network of financial channels located in Lebanon and Kuwait that finance Hezbollah,” the ministry said in a statement posted on its website.

In addition, OFAC has imposed sanctions on members of an international network of financial facilitators and front companies operating in support of Hezbollah and Iran’s Islamic Revolutionary Guard Corps-Quds Force.

Together, these networks laundered tens of millions of dollars through regional financial systems and conducted currency exchanges and traded gold and electronics for the benefit of both Hezbollah and the Quds Force.

“Hezbollah, with the support of the Iranian Revolutionary Guards’ Quds Force, uses the proceeds from these networks to fund terrorist activities, as well as to perpetuate instability in Lebanon and throughout the region,” she said.

The department also said, “Today’s actions confirm the direct links between Hezbollah’s global financial network and terrorist activities.”

“Hezbollah continues to exploit the legitimate commercial sector to obtain financial and material support, enabling the group to carry out terrorist acts and undermine Lebanon’s political institutions,” she added.

In this context, Director of the Office of Foreign Assets Control Andrea Jackie said, “The United States will not hesitate to take measures to disrupt the networks that provide financial support to Hezbollah and the Quds Force of the Iranian Revolutionary Guard.”

Washington considers the pro-Iranian Hezbollah militia a terrorist organization responsible for the deteriorating situation in Lebanon.

A few days ago, the US State Department offered a reward of up to $7 million for information on Talal Hamiyah, the head of the external security office of the Lebanese Hezbollah.

Last month, the United States offered a $5 million reward for information on Khalil Youssef Harb, a prominent leader in the Lebanese Hezbollah and a close advisor to Secretary-General Hassan Nasrallah.

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