Individuals and entities helping to finance the Hezbollah terrorist group were sanctioned by the U.S. Department of the Treasury on March 28.
The Treasury’s Office of Foreign Assets Control (OFAC) “is designating five individuals and three associated companies involved in a Lebanon-based sanctions evasion network supporting the Hizballah finance team,” the agency said in a March 28 statement.
Hezbollah, also known as Hizballah, is an Iran-backed terrorist group based in Lebanon. Following the Hamas attack against Israel in October 2023, Hezbollah began firing thousands of rockets and mortars into Israel.
According to the Treasury, “the Hizballah finance team uses front companies to generate millions of dollars in revenue for Hizballah and support the group’s terrorist activities.”…