WASHINGTON — The Biden administration announced sanctions Tuesday on what it described as an international money laundering and sanctions evasion network backing an art dealer suspected of funding Lebanese militant group Hezbollah.
The Treasury Department’s Office of Foreign Assets Control (OFAC) unveiled designations on 52 individuals and entities in Lebanon, the United Arab Emirates, South Africa, Angola, Côte d’Ivoire, the Democratic Republic of the Congo, Belgium, the United Kingdom and Hong Kong. According to OFAC, the network facilitated the payment, shipment and delivery of cash, diamonds, precious gems, art and luxury goods for the benefit of alleged Hezbollah financier Nazem Said Ahmad.
