The us is designating two people and two companies located in Lebanon for providing financial services to Hizballah, along with a person facilitating weapons procurement meant for Hizballah. The economic facilitators and related businesses manage and enable Hizballah’s overarching financial apparatus working throughout Lebanon, including Al-Qard Al-Hassan (AQAH) and Hizballah’s Central Finance Unit. U. S. -designated AQAH is Hizballah’s quasi-financial organization that oversees the terrorist group’s budget within Hizballah’s Executive Council at the path of Hizballah’s leader, Hassan Nasrallah.
Nowadays actions are pursuant in order to Executive Order 13224, as amended, which targets terrorists, terrorist organizations, leaders plus officials of terrorist organizations, and those providing support in order to terrorists or acts associated with terrorism.
Hizballah remains a terrorist firm that undermines Lebanon’s balance and security, as well as local stability, even as the Lebanese people suffer through a serious financial crisis. To find out more on this action, please see the Department of the Treasury’s press release .
