Today's Edition
NEW YORK (AGENCIES)
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Friday designated five individuals and three associated companies involved in a Lebanon-based sanctions evasion network supporting the Hezbollah finance team.
“Today’s action underscores Treasury’s determination to expose and disrupt the schemes that fund Hezbollah’s terrorist violence against the Lebanese people and their neighbors,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith.
Today’s action is being taken pursuant to counterterrorism authority Executive Order (E.O.) 13224, as amended.
The US Department of State designated Hezbollah as a Foreign Terrorist Organisation on October 8, 1997, and as a Specially Designated Global Terrorist on October 31, 2001.
