U.S. Treasury Adds Hezbollah-Linked Banks
The U.S. Treasury Department has announced an expansion of its financial sanctions against the Lebanese Hezbollah, including the listing of the "Bayt Al-Mal" institution on the "Global Terrorist Organizations" blacklist. The aim is to disrupt the illicit funding networks used by the group to manage its assets and finance its activities. The institution, which is classified as an unregulated financial entity, manages the group's assets and conducts financial transfers outside the official banking channels, thereby supporting Washington's efforts to dismantle its sources of funding. These measures are part of the broader strategy to impose tighter financial restrictions and increase scrutiny over banking operations linked to the group worldwide.
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