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US slaps sanctions on global Hezbollah financial network
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.
- The U.S. Department of the Treasury on Friday designated a global network of 16 individuals and entities led by Alaa Hassan Hamieh, sanctioning funds funneled to Hezbollah.
- Since launching rocket fire on March 2, U.S. officials said the sanctions aim to disrupt Hezbollah's funding and its role as an Iranian proxy to protect U.S. and Middle East security.
- OFAC says his network enabled the diversion of over USD 100 million since 2020 through companies and associates across Lebanon, Syria, Poland, Slovenia, Qatar, and Canada that launder money and raise funds for Hezbollah.
- All property and interests of designated persons in the United States are blocked, must be reported to OFAC, and a global network fueling Hezbollah is targeted, OFAC says.
- Alaa Hassan Hamieh, former vice president of Lebanon's Investment Development Authority , personally received millions from a Baghdad‑Beirut commercial agreement intended to support Lebanon's reconstruction and is accused of exploiting the Lebanese economy.
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12 Articles
The U.S. Treasury Department has announced this Friday that it will sanction the 16 members of an international funding network for the Lebanese Shiite militia Hezbollah headed by businessman Alaa Hassan Hamieh.
Coverage Details
Total News Sources12
Leaning Left1Leaning Right5Center0Last UpdatedBias Distribution83% Right
Bias Distribution
- 83% of the sources lean Right
83% Right
L 17%
R 83%
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