The US Treasury Department announced today, Wednesday, the imposition of sanctions on 52 individuals and entities in nine different countries, including two Arab countries, which it said were linked to the Lebanese “Hezbollah” and involved in money laundering and circumventing sanctions.
The Treasury Department said in a statement that its Office of Foreign Assets Control took action against a “wide international network” of 52 individuals and entities in Lebanon, the UAE, South Africa, Angola, Ivory Coast, the Democratic Republic of the Congo, Britain, Belgium and Hong Kong.
The US Treasury accused the network of facilitating payments and supplies of money, diamonds and precious stones for the benefit of Hezbollah financier Nazim Saeed Ahmed, who has been on US terrorist lists since 2019 for providing support to the group.
The Treasury indicated that the persons and entities affected by sanctions today were helping Nazim Saeed Ahmed to circumvent US sanctions by concealing his financial transactions through a network of shell companies and “fraud mechanisms”.
Source: National Iraqi News Agency
