U.S. Sanctions Hezbollah Financing Network, Targeting Individuals, Firms, and Vessels

The U.S. Treasury Departments Office of Foreign Assets Control (OFAC) announced sanctions against individuals, entities and vessels tied to financing networks linked to the terrorist group Hezbollah.

The action targets key figures and commercial networks alleged to generate revenue for Hezbollah through Lebanons cash economy and related financial systems. The sanctions include individuals, companies and vessels believed to facilitate the transfer of funds for the groups operations.

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