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US imposes sanctions targeting Hezbollah financial network, State Department says
The U.S. Treasury sanctioned 16 individuals and entities led by Alaa Hamieh for laundering over $100 million to Hezbollah since 2020 to disrupt terrorist financing.
- On Friday, the U.S. Treasury Department announced sanctions on a global financial network linked to Hezbollah, blocking all property and interests under U.S. jurisdiction, subject to OFAC reporting.
- U.S. officials said the measures aim to disrupt Hezbollah’s financial network amid open warfare with Israel since March 2 and Lebanon's government banning its military actions.
- OFAC designated 16 individuals and entities led by Hezbollah financier and former public investment official Alaa Hamieh across Lebanon, Syria, Poland, Slovenia, Qatar and Canada.
- By cutting off financial channels, U.S. Department of State officials say the sanctions seek to limit Hezbollah's revenue for terrorism and target companies used for procurement or money laundering linked to Hezbollah's finance team.
- Records show Alaa Hassan Hamieh, Hezbollah financier and former official at Lebanon's Investment Development Authority, is accused of disbursing funds from a Baghdad-Beirut agreement and receiving millions for Hezbollah-linked projects.
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26 Articles
26 Articles
The Office of Foreign Assets Control (OFAC), which operates within the US Treasury Department, on Friday added a total of 25 individuals and companies to the sanctions list due to their connections to the Lebanese movement Hezbollah and Russia, including the telecommunications services reseller Calllync, headquartered in Celje.
Coverage Details
Total News Sources26
Leaning Left3Leaning Right5Center3Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 27%
C 27%
R 46%
Factuality
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