Washington: The United States has announced a new round of sanctions targeting an international financial network accused of supporting Hezbollah, in a move aimed at curbing the group’s access to funding channels across multiple regions.
According to the U.S. State Department, the action focuses on dismantling a web of individuals and entities allegedly involved in raising and moving funds for Hezbollah through business ventures and financial operations spanning the Middle East, Europe and North America.
Deputy Principal Spokesperson Vedant Patel said the sanctions are part of a broader strategy to disrupt financial flows that enable militant activities. He noted that the targeted network has been using a mix of commercial projects and front operations to channel money into Hezbollah’s financial system.
In a parallel move, the U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), designated 16 individuals and companies linked to the network. Officials identified Ali Hassan Hmeimeh as a central figure, describing him as a key facilitator who allegedly oversaw large-scale financial operations tied to the group.
Authorities estimate that more than $100 million has been moved through these channels since 2020. The network reportedly operated across several countries, including Lebanon, Syria, Poland, Slovenia, Qatar and Canada.
As part of the sanctions, all assets belonging to the listed individuals and entities within US jurisdiction have been frozen. American citizens and businesses are also prohibited from engaging in transactions with them and must report any holdings linked to the sanctioned parties.
Officials added that the restrictions extend to any organisation in which the designated individuals hold a significant ownership stake, ensuring that associated businesses are also brought under scrutiny.
The latest measures underscore Washington’s continued efforts to tighten financial pressure on Hezbollah and limit its ability to sustain operations through global funding networks.
