The US Treasury Department imposed sanctions on 10 individuals linked to a Hezbollah financial network that transferred hundreds of millions of dollars in cash from Iran to Lebanon via commercial flights, according to reports. The network operated between Iran, Turkey, the UAE, and Lebanon, circumventing American sanctions.
The US Treasury Department has sanctioned 10 individuals linked to a Hezbollah financial network that funneled hundreds of millions of dollars in cash from Iran to Lebanon via commercial flights, according to reports. The network operated through Iran, Turkey, the UAE, and Lebanon, evading American sanctions. This marks the latest in a sustained US campaign against Hezbollah's financial infrastructure.
The Zioneer reported Thursday, Aug 20, at 20:35 Jerusalem, that the US had sanctioned 10 individuals for smuggling funds for Hezbollah and formally linked the terror group to Iran's IRGC Quds Force. The Treasury simultaneously reinstated Hezbollah to its sanctions list. Earlier today, at 07:33 Jerusalem, The Zioneer reported a separate round of US sanctions on Iran and Hezbollah, following a pattern of escalating economic pressure.
The US State Department described Hezbollah as Iran's most dangerous proxy, actively plotting attacks on Americans, as The Zioneer reported on June 27. Defense Minister Israel Katz stated on June 29 that US pressure linking the Lebanon and Iran fronts prevented Hezbollah's total collapse. Additionally, Gulf states and the US jointly sanctioned Hezbollah-linked entities on June 30. These actions are part of Washington's ongoing effort to degrade the terror group's financial support networks.
No specific identities of the 10 newly sanctioned individuals have been released. The extent to which this targeting disrupts Hezbollah's cash shipments remains unclear.
5 developments
Source and signal
- Open-source intake