These designations reinforce recent US action against Hezbollah financiers who have provided support or services to Hezbollah. The United States will continue to take action to disrupt Hezbollah s operations.
The other six who had sanctions imposed are Ahmad Mohamad Yazbeck, Abbas Hassan Gharib, Wahib Mahmud Subayti, Mostafa Habib Harb, Ezzat Youssef Akar and Hasan Chehadeh Othman.
“From the highest levels of Hezbollah’s financial apparatus to working-level individuals, Hezbollah continues to abuse the Lebanese financial sector and drain Lebanon’s financial resources at an already dire time,” said Andrea Gacki, head of the Treasury Department’s sanctions office.
“Such actions demonstrate Hezbollah’s disregard for financial stability, transparency or accountability in Lebanon.”
The United States Impedes Hizballah Financing by Sanctioning Seven Individuals Details Written by State Department
Washington, DC - Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven individuals in connection with Hizballah and its financial firm, Al-Qard al-Hassan (AQAH). AQAH, which was designated by OFAC in 2007, is used by Hizballah as a cover to manage the terrorist group’s financial activities and gain access to the international financial system. Ibrahim Ali Daher (Daher) serves as the Chief of Hizballah’s Central Finance Unit, which oversees Hizballah’s overall budget and spending, including the group’s funding of its terrorist operations and killing of the group’s opponents. The other six individuals designated today used the cover of personal accounts at certain Lebanese banks, including U.S.-designated Jammal Trust Bank (JTB), to evade sanctions targeting AQAH and transfer
The Media Line Staff 05/12/2021
The US Treasury Department has slapped new sanctions on seven Lebanese men with alleged contacts to the Iran-backed Hizbullah movement. The sanctions also extend to Hizbullah’s financial arm, the Al-Qard al-Hassan (AQAH) financial firm, which is alleged to be used by Hizbullah as a cover for funds used for terror activities.
Ibrahim Ali Daher, who serves as the chief of Hizbullah’s Central Finance Unit, which oversees Hizballah’s overall budget and spending including the group’s funding of its terrorist operations and killing of the group’s opponents, is one of the Lebanese men being sanctioned. The other six individuals designated on Tuesday “used the cover of personal accounts at certain Lebanese banks, including U.S.-designated Jammal Trust Bank (JTB), to evade sanctions targeting AQAH and transfer approximately half a billion U.S. dollars on behalf of AQAH,” the Treasury Department said in a statement.
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