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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 Hassan Hamieh for laundering and diverting over $100 million to Hezbollah since 2020, targeting its global financial network.
- On Friday, the U.S. Treasury Department announced new sanctions targeting a global network linked to Hezbollah, a designated foreign terrorist organization, using OFAC measures.
- Amid ongoing hostilities since March 2, U.S. officials said the sanctions aim to disrupt Hezbollah's financial enablers and stop fund diversion from the Lebanese people, Treasury Secretary Scott Bessent said.
- The designations target a 16-person, multi-country network led by Alaa Hassan Hamieh, operating in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada, tied to diverting over USD 100 million since 2020.
- OFAC's designations immediately block all property and interests of the targeted network in the U.S., require reporting, and block entities 50 per cent or more owned by designated persons, the Treasury said.
- Alaa Hassan Hamieh is said to have overseen companies run through family members and close associates that laundered money and raised funds, personally receiving millions tied to a Baghdad-Beirut commercial agreement in early 2025 involving arms trafficker Bahaa Addin Hashem.
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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 Sources23
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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