US unveils sanctions targeting Hezbollah funding ...Middle East

The Biden administration announced new sanctions Wednesday against three individuals and four companies with alleged ties to revenue streams for the Lebanese militant group Hezbollah. A press release, issued by the Department of Treasury, said the individuals and companies were involved in a Lebanon-based sanctions evasion network that "generated millions of dollars in revenue" for Hezbollah, a U.S.-designated terrorist organization. The department's Office of Foreign Assets Control (OFAC) is also targeting three others for the illegal production and trafficking of Captagon, "a dangerous, highly addictive amphetamine" that benefits the Syrian regime, the release said. These penaltie

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Last updated : 16 October 2024 clock 07:53 PM

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US unveils sanctions targeting Hezbollah funding ...Middle East

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