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Investing.com - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced today that it has imposed sanctions on four individuals linked to Hizballah for their roles in managing and coordinating financial transfers for the organization. The targeted individuals are accused of facilitating significant funding to the group from international donors and managing financial activities for Hizballah-aligned groups globally.
The action targets two senior Hizballah officials and two financial facilitators based in Lebanon and Iran. These sanctions are part of the Treasury’s ongoing efforts to disrupt the financial networks supporting Hizballah and its activities, particularly in the aftermath of the October-November 2024 conflict with Israel.
Among those designated is Mu’in Daqiq Al-‘Amili, a Hizballah representative in Qom, Iran, who has been involved with the group’s financial operations dating back to at least 2001. Al-‘Amili reportedly coordinated the delivery of cash payments from Iran to Hizballah finance officials in Lebanon. Another individual, Jihad Alami, is responsible for receiving and distributing these funds.
Fadi Nehme, an accountant and business partner of a previously designated Hizballah official, along with Hasan Abdallah Ni’mah, who facilitates funding for Hizballah across Africa, are also among the designated individuals. The sanctions are a direct response to their material assistance, sponsorship, or support for Hizballah.
As a result of these sanctions, any property or interests in property of the designated individuals that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. U.S. persons are generally prohibited from engaging in transactions with the designated individuals. The sanctions also carry the risk of secondary sanctions for foreign financial institutions that knowingly conduct or facilitate significant transactions on behalf of the designated individuals.
The Treasury underscores that the ultimate goal of the sanctions is not to punish but to prompt a positive change in behavior. The sanctions are pursuant to Executive Order 13224, as amended, which targets terrorists and those providing support to terrorists or acts of terrorism. This move by OFAC is part of a broader campaign of maximum economic pressure on Iran and its proxies, as outlined in National Security Presidential Memorandum 2 (NSPM-2).
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