Sanctioning a Global Network Supporting Hezbollah Financing
- WireNews
- 1 minute ago
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Today, the United States is imposing sanctions to disrupt a global financial network that supports Hezbollah. This action targets individuals and entities involved in laundering and raising funds for Hezbollah’s finance team through a range of companies and projects operating across the Middle East, Europe, and North America. By cutting off these financial channels, the United States is taking concrete steps to limit Hezbollah’s ability to generate revenue for terrorism and evade sanctions.
Hezbollah’s reckless attack on Israel demonstrates yet again that it prioritizes the pursuit of terrorism on behalf of the Iranian regime over the peace and safety of the Lebanese people.
Hezbollah continues to spend millions of dollars on terrorism, leaving Lebanese civilians to deal with the consequences and depriving them of a normal life. By targeting Hezbollah’s financial enablers, the Trump Administration is taking decisive action to disrupt the group’s ability to threaten the security of the United States and the Middle East.
Today’s action is being taken pursuant to the authorities under Executive Order (E.O.) 13224, as amended. The U.S. Department of State designated Hezbollah as a Specially Designated Global Terrorist pursuant to E.O. 13224 on October 31, 2001, and as a Foreign Terrorist Organization pursuant to section 219 of the Immigration and Nationality Act on October 8, 1997. For more information on today’s action, please see the Department of the Treasury’s press release.
