US Sanctions Seven Lebanese Nationals over Hezbollah Financing

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned seven people who are allegedly connected to the finances of the Lebanese military and political organization Hezbollah.

The sanctions focused on Al-Qard al-Hassan (AQAH), Hezbollah’s alleged financial arm which the Treasury Department said was pretending to be an NGO.

Ibrahim Ali Daher, the chief of Hezbollah’s central finance unit along with Ezzat Youssef Akar, Ibrahim Ali Daher, Abbas Hassan Gharib, Mustafa Habib Harb, Hasan Chehadeh Othman, Wahid Mahmud Subayti, and Ahmad Mohamad Yazbeck allegedly used personal accounts to evade sanctions on AQAH.

“While AQAH purports to serve the Lebanese people, in practice it illicitly moves funds through shell accounts and facilitators, exposing Lebanese financial institutions to possible sanctions,” said OFAC.

OFAC’s Director Andrea Gacki accused Hezbollah of leeching of Lebanon’s resources at a time where it is needed most.

The sanctions against AQAH are based on Executive Order 13224 which aimed to curb terrorist funding.

US Secretary of State Antony Blinken said that the US will continue to work to disrupt Hezbollah’s operations.

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