The U.S. Department of the Treasury has announced new sanctions targeting five individuals and three companies accused of facilitating a sanctions-evasion network that supports Hezbollah’s financial operations.
According to the Treasury, the sanctioned entities are part of an illicit system designed to help Hezbollah bypass international restrictions and access global financial markets. The move is part of Washington’s broader effort to disrupt the group’s financial lifelines and curb Iran’s regional influence.
“These sanctions-evasion networks bolster Iran and its proxy Hezbollah, while undermining the courageous efforts of the Lebanese people to build a state that serves all its citizens,” said Bradley Smith, a senior Treasury official, in a statement.
The targeted individuals and companies are believed to be involved in a range of activities that enable Hezbollah to maintain funding channels despite existing U.S. and international sanctions.
The action underscores the Biden administration’s continued commitment to countering terrorism financing and pressuring groups seen as destabilizing the Middle East. Further investigations into related financial networks are ongoing.
