Today, the United States is imposing sanctions to disrupt a global financial network that supports Hizballah. This action targets individuals and entities involved in laundering and raising funds for Hizballah’s finance team through a range of companies and projects operating across the Middle East, Europe, and North America. By cutting off these financial channels, the United States is taking concrete steps to limit Hizballah’s ability to generate revenue for terrorism and evade sanctions.
Hizballah’s reckless attack on Israel demonstrates yet again that it prioritizes the pursuit of terrorism on behalf of the Iranian regime over the peace and safety of the Lebanese people. Hizballah continues to spend millions of dollars on terrorism, leaving Lebanese civilians to deal with the consequences and depriving them of a normal life. By targeting Hizballah’s financial enablers, the Trump Administration is taking decisive action to disrupt the group’s ability to threaten the security of the United States and the Middle East.
Today’s action is being taken pursuant to the authorities under Executive Order (E.O.) 13224, as amended. The U.S. Department of State designated Hizballah as a Specially Designated Global Terrorist pursuant to E.O. 13224 on October 31, 2001, and as a Foreign Terrorist Organization pursuant to section 219 of the Immigration and Nationality Act on October 8, 1997. For more information on today’s action, please see the Department of the Treasury’s press release.
