US sanctions Lebanon-based network funding Hezbollah's operations
US Treasury Department
The United States imposed sanctions on Tuesday (Oct 15) on what it described as a Lebanon-based sanctions evasion network that funnels millions of dollars to Hezbollah.
The action targeted three individuals linked to Hezbollah's finance arm and four Lebanon-based companies registered to conceal ties to the militant group, according to a Treasury Department statement.
The USalso sanctioned three individuals involved in the production and sale of the amphetamine known as captagon, who it said have funded the regime of Syrian President Bashar al-Assad and its allies, including Hezbollah.
"Today's action underscores (Hezbollah's) destabilising influence within Lebanon and on the wider region, as the group, its affiliates, and its supporters continue to finance their operations through covert involvement in commercial trade and the illicit trafficking of captagon," Bradley T. Smith, acting undersecretary of Treasury for terrorism and financial intelligence, said in the statement.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WIONaudience.
