The Treasury Department issued measures against the finance chief of the Shiite organization and members of its financial front, Al-Qard al-Hassan.
The United States Treasury Department imposed sanctions on Tuesday on seven people linked to the terrorist group Hezbollah and its financial company, Al-Qard al-Hassan (AQAH), which the organization uses to manage its activities and access the international financial system.
Among the targets of the measures is Ibrahim Ali Daher, head of Hezbollah's Central Finance Unit, which oversees the group's budget and overhead, including financing the group's terrorist operations and the assassination of its opponents. The other six appointees used personal account hedging at selected Lebanese banks to circumvent sanctions against the firm and thus transferred approximately $ 500 million.
From the highest level of Hezbollah's financial resources to the people working in it, Hezbollah continues to drain Lebanon's financial sector from time to time. "These measures are evidence of Hezbollah's neglect of financial stability, transparency or accountability in Lebanon."
The Treasury assured that although AQAH intends to serve the Lebanese people, "in practice, it moves funds illicitly through fictitious accounts and facilitators, exposing Lebanese financial institutions to possible sanctions." In addition, he indicated that the finance company masquerades as an NGO and still provides services typical of a bank in support of Hezbollah. "Over the years, AQAH has assumed a more prominent role in Hezbollah's financial infrastructure, and designated entities and individuals linked to Hezbollah have circumvented sanctions and maintained bank accounts by registering them in the name of senior AQAH officials, including with the names of some people designated today, "explained the US authorities.
For his part, Daher was sanctioned for having acted or intended to act for or on behalf of Hezbollah, directly or indirectly, as he was in charge of supervising the receipt of Hezbollah income worldwide and is responsible for the management and auditing of the budgets of all Hezbollah units and departments, including coordinating the payment of all members. "As such, Daher has been a key figure in Hezbollah's financial infrastructure for more than a decade," they stressed.
They were also punished by Ahmad Mohamad Yazbeck, Abbas Hassan Gharib, Subayti Wahid Mahmoud Mostafa Habib Harb, and Hasan Akar Ezzat Youssef Othman Chehadeh . "All AQAH officials appointed today have engaged in evasive 'shadow' banking activities," the Treasury noted.
As a result of the sanctions, all property, and interests in property of these individuals, and of any entity owned, directly or indirectly, 50 percent or more of them, that are in the United States or in possession or control of American people, must be blocked and reported to the government.
Hezbollah has been designated a terrorist organization by more than 20 countries, including the United States, Israel, Canada, and the United Kingdom. The European Union has designated the group's military wing as a terrorist organization.