US sanctions alleged Hezbollah cash courier network
The US Treasury's Office of Foreign Assets Control sanctioned ten individuals linked to an alleged cash pipeline that transported up to hundreds of millions of dollars for Hezbollah across Lebanon, Turkey, the United Arab Emirates and Iran using couriers on commercial flights. Washington said the network let Hezbollah secure foreign currency outside formal banking and evade sanctions, and re-designated Hezbollah as acting under the command of Iran's IRGC-QF. Treasury linked the network to the late IRGC-QF finance official Behnam Shahriyari and warned that other funding methods include oil smuggling, illicit shipping and commodities sales.
Ten people sanctioned for allegedly moving hundreds of millions in cash
Context
The United States targeted a cross-border cash network for Hezbollah. Officials may pursue more sanctions or stepped-up monitoring of financing methods next.
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