US sanctions target Hezbollah funds

The U.S. Treasury Department has imposed new sanctions on individuals and entities supporting Hezbollah in Lebanon and the Iraqi Hezbollah Brigades, aiming to undermine Iran's funding activities and evasion networks. The sanctions include Lebanese officials such as Hussein Ibrahim and Abdullah Humayya, as well as two companies. In Lebanon, the Iranian Revolutionary Guard Corps (IRGC) utilizes companies to channel oil sales into accounts in Lebanon, where its affiliates work with Hezbollah officials to receive the funds through Lebanese money changers. The proceeds are used to purchase weapons and pay salaries. In Iraq, sanctions have been imposed on leaders and individuals supporting networks linked to the IRGC, who are involved in evading U.S. sanctions.

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