US imposes sanctions on Hizballah-affiliated businessmen in Lebanon

January 23, 2022

The South Asia Times report

WASHINGTON (TSAT) - The United States government has imposed sanctions on Lebanon based Shia military and political group Hizbollah affiliated businessmen over alleged link with the group, which already designated Washington as terrorist entity.

In a statement, issued on Friday from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), said that they imposed sanctions on three individual and their companies affiliated and linked with Hizbollah.

Among them a well-known Lebanon businessman Adnan Ayad, his son Jihad Adnan Ayad, Ali Adel Diab, and 10 companies linked to these individuals were listed under sanctions for providing financial support to terrorist group.

On Jan. 18, the US also imposed sanctions on Adel Diab, Ayad’s business partner and fellow Hizballah financier.

“Today’s action exposes and targets Hizballah’s misuse of the international financial system to raise and launder funds for its destabilising activities as the Lebanese people suffer during an unprecedented economic crisis in Lebanon,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.

“Treasury is committed to disrupting Hizballah’s illicit activity and attempts to evade sanctions through business networks while the group doubles down on corrupt patronage networks in Lebanon,” its added.

Hizballah is fighting against the Israel forces from several decade and also a strong political and military force in Lebanon.

Washington designated the group as terror organisation in October 1997.

https://twitter.com/thesouthasiatim

US imposes sanctions on Hizballah-affiliated businessmen in Lebanon

Tags

Comment / Reply From

You May Also Like

Death toll from Lebanon pager blasts rises to 12

‘Playing with fire has its consequences’: Kremlin reacts to apparent Trump assassination attempt

Trump thanks Secret Service for keeping him 'safe' during assassination attempt in Florida

Turkish president extends wishes for anniversary of Prophet Muhammad’s birth, calls for peace, blessings worldwide

Putin's warning about consequences of potential strikes deep into Russia is 'crystal clear': Kremlin

Hard earned peace achieved with nation’s great sacrifice would be maintained at all costs: Army Chief

Australia strips military officers of medals over Afghan war crimes

Soul passionate for positive impact: Turkish American activist Aysenur Ezgi Eygi killed in West Bank by Israeli forces

Recent News

Recommended

Babies being sold to feed siblings, UN chief describe Afghanistan situation worrying

Archive

Newsletter

Popular Posts

Over 95% of Pakist...

Muslims from abroa...

Pakistan as Respon...

Categories

US imposes sanctions on Hizballah-affiliated businessmen in Lebanon

Tags

Comment / Reply From

You May Also Like

Recent News

Recommended

Archive

Stay Connected

Newsletter

Popular Posts

Categories