The United States has sanctioned a Lebanon-based network that evades sanctions to finance Hizballah. This network supports commercial projects and oil smuggling operations that generate revenue for the terrorist group.
Impact on Lebanon
These illicit networks strengthen Iran and Hizballah, further destabilizing Lebanon. The U.S. has designated five individuals and three companies, including top Hizballah officials’ close associates and family members.
Maximum Pressure on Iran and Hizballah
This move aligns with the U.S. strategy to counter Iran and its terrorist proxies, outlined in National Security Presidential Memorandum 2. The U.S. remains committed to disrupting Hizballah’s financial networks and exposing funding sources that fuel its operations.
Reward for Information
The Rewards for Justice (RFJ) program offers up to $10 million for details that help disrupt Hizballah’s financial mechanisms.
These sanctions fall under Executive Order (E.O.) 13224, a counterterrorism authority. Under U.S. law, Hizballah is also designated as a Specially Designated Global Terrorist and a Foreign Terrorist Organization.
The U.S. will continue using all available tools to counter Hizballah’s influence and protect Lebanon’s sovereignty.
