Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
U.S. sanctions Hezbollah's accountants, weapons facilitator
© Reuters. Members of Lebanon's Hezbollah hold flags during a rally commemorating the annual Hezbollah Martyrs' Day in Beirut's southern suburbs, Lebanon November 11, 2022. REUTERS/Aziz Taher
By Kanishka Singh
WASHINGTON (Reuters) -The United States on Thursday sanctioned individuals and companies for allegedly providing financial services to and facilitating weapons procurement for Hezbollah, the U.S. Treasury Department said.
The Treasury Department's Office of Foreign Assets Control (OFAC) took action against two individuals and two companies based in Lebanon for providing financial services to Hezbollah, along with an additional individual involved in facilitating weapons procurement for the group, it said in a statement.
Founded in 1982 by Iran's Revolutionary Guards and classified by the United States and other Western countries as a "terrorist organization," Hezbollah is a powerful group in Lebanon because of a heavily armed militia that fought several wars with Israel. It grew stronger after joining the war in Syria in 2012 in support of President Bashar al-Assad.
OFAC regulations generally prohibit all dealings by U.S. persons or within the United States that involve any property or interests in property of designated entities.
Among the individuals sanctioned on Thursday were Adel Mohamad Mansour, who led a Hezbollah-run quasi-financial institution; Hassan Khalil, who worked to procure weapons on behalf of Hezbollah; and Naser Hassan Neser, who worked with an entity that provided financial services to the group, the Treasury Department said.
The two companies sanctioned on Thursday over providing financial services to Hezbollah were named Al-Khobara and Auditors.
Last month, the United States issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies and tankers.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.