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U.S. Treasury Places Hezbollah Back on Sanctions List
The U.S. Treasury confirmed the re-designation of Hezbollah on the sanctions list due to its service to the Iranian regime. It announced that the Office of Foreign Assets Control (OFAC) listed ten individuals from a network responsible for transferring money to the group through flights between Lebanon, Turkey, the UAE, and Iran, to move hundreds of millions of dollars outside the formal financial system in an attempt to evade sanctions. The United States also reclassified Hezbollah for its ties to services provided to the Iranian regime under the leadership of the Quds Force of the Islamic Revolutionary Guard Corps. It emphasized that this demonstrates the group's operation in favor of Iran, as part of comprehensive sanctions targeting organizations and individuals affiliated with the group.
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