Lebanon warns Hezbollah against threatening banks

Hezbollah could be sanctioned under a new US law targeting the group's finances. (AFP)

Lebanon’s Interior Minister Nohad Machnouk has warned Iran-backed militia group Hezbollah against threatening Lebanese banks and said the country will not stand against any US sanction placed on the group.

The warning comes as ministers and members of parliament belonging to Lebanon's Hezbollah could be sanctioned under a new US law targeting the group's finances, a US Treasury official said last week.

The US Hezbollah International Financing Prevention Act (HIFPA) passed in December threatens sanctions against anyone who finances Hezbollah in a significant way.

It has ignited an unprecedented dispute between Lebanon's most powerful group - the heavily armed Hezbollah - and a central bank widely seen as a pillar in a country plagued by political fatigue.

This article is also available in Arabic on AlArabiya.net.

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Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49
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