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US foreign policy

US slaps sanctions on Hezbollah-linked men, companies for second time this week

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The US Treasury Department on Friday sanctioned three Lebanese men linked to Hezbollah and ten companies based in Lebanon, Zambia and Germany.

A statement from the Treasury Department said that Friday’s announcement showed how Hezbollah gained access to the international financial system to raise funds “in support of its acts of terrorism and other illicit activities.”

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“These actions undermine the stability, security, and sovereignty of the Lebanese people,” the statement read.

Adnan Ayad and his son Jihad were designated alongside Ali Adel Diab, whose father Adel was sanctioned earlier in the week.

Adnan and Jihad also have German citizenship, according to the Treasury Department.

Two of the sanctioned companies are based in Zambia, one in Germany and the rest in Lebanon.

All three individuals and the companies were used to raise funds and launder money to Hezbollah, the Treasury Department said.

For his part, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said that Washington was committed to disrupting Hezbollah’s attempts to evade sanctions.

“Today’s action exposes and targets Hezbollah’s misuse of the international financial system to raise and launder funds for its destabilizing activities as the Lebanese people suffer during an unprecedented economic crisis in Lebanon,” he said.

Friday’s move comes just days after three other men and their Lebanon-based travel company were designated for facilitating and laundering finances to Hezbollah.

Read more: End Hezbollah’s terrorist hegemony, Saudi envoy tells Lebanon’s politicians

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