US Treasury sanctions Hezbollah financial network in Lebanon

A US Treasury official says the department is targeting Hezbollah's "misuse of the international financial system" to raise funds for terrorism.
The US Department of Treasury building is seen in Washington, DC, early on Jan. 12, 2022.
The US Department of Treasury building is seen in Washington, DC, early on Jan. 12, 2022. - STEFANI REYNOLDS/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The US Treasury Department sanctioned three Lebanese people and 10 companies on Friday accused of being part of a Hezbollah-affiliated financial network that helped the Iran-backed militant group obtain funds. 

The Treasury’s Office of Foreign Assets Control (OFAC) designated Adnan Ayad, a Hezbollah member and businessman who the department said operated an international network of companies. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more