Treasury announces sanctions against alleged Hezbollah financing network
The U.S. Treasury Department announced sanctions against a network of 16 individuals and entities as part of an effort to cut off financing to Hezbollah, according to a Treasury Department official.
Alaa Hassan Hamieh, described as a Hezbollah "financier and former public investment official,” who the Treasury Department alleges oversaw a network that laundered and raised funds for group.
The Treasury Department alleged the network is estimated to have diverted more than $100 million since 2020 as part of a scheme to finance Hezbollah.
“Iran is the head of the snake when it comes to global terrorism, and its proxies, such as Hizballah, carry out Tehran’s mission to sow chaos and destruction beyond its borders,” Secretary of the Treasury Scott Bessent said in a statement.
Some of the individuals and entities allegedly involved in the scheme are located in Lebanon, Syria, Poland, Slovenia, Qatar and Canada, according to the Treasury Department.
-ABC News' Jack Date




