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Treasury Department Sanctions Individuals for Acting on Hezbollah Financier's Behalf

Treasury Department Sanctions Individuals for Acting on Hezbollah Financier's Behalf

The U.S. Treasury Department sanctioned six individuals and seven businesses linked to Hezbollah Friday, part of an intensified focus on the group under President Donald Trump.

The sanctions prohibit USA persons from engaging in transactions with those individuals' property or interests, including seven specific entities owned or controlled by one of those sanctioned individuals.

They must also grapple, senior officials said in describing the new sanctions, with the fact that Iran and Hezbollah may prioritize financial backing for militant activities even when overall resources decline.

"Hezbollah is a terrorist organization responsible for the death of hundreds of Americans". The move is tied to President Donald Trump's position on Iran - the administration has moved to ratchet up pressure on the Islamic Republic's nuclear program without abrogating the accord with the US and five other world powers.

General Heidari said Iran supports regional states which have stood up against the terrorist groups and crises created by the USA and its allies in the region.




The Treasury Department said the sanctions are "the first wave" of penalties created to weaken Hezbollah financier Adham Tabaja, who has been designated by the U.S.as a global terrorist, by targeting companies based in Lebanon, Ghana, Liberia and Sierra Leone. "It is also Iran's primary proxy used to undermine legitimate Arab governments across the Middle East", Treasury Secretary Steven Mnuchin said in a statement. The U.S.is particularly concerned about Hezbollah's presence in Syria and Yemen.

Most of the individuals targeted had not been publicly known to be financiers of Hezbollah, nor are they prominent names in Lebanon.

The Treasury claimed in a press release, Tabaja had direct ties to senior Hezbollah officials and his company, Al-Inmaa Engineering and Contracting, provided both financial support and organizational infrastructure to the jihadist organization. The construction company is mostly active in predominantly Shiite areas in Lebanon such as Beirut's southern suburbs and the southern market town of Nabatiyeh.

Treasury has targeted Hezbollah and its financial backers for years.

The sanctions aim to squeeze Tabaja, who the United States has already labeled a global terrorist and is thought to be one of Hezbollah's top five funders.

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