US slaps sanctions on global Hezbollah financial network

The US Treasury Department announced on Friday new sanctions against a global financial network supporting Hezbollah and enabling the diversion of over $100 million since 2020.

The network is led by Hezbollah financier and former public investment official Alaa Hamieh, according to a statement from the Treasury Department.

Hamieh allegedly oversees a network of companies, controlled through family members and close associates, that launder and raise funds for Hezbollah.

The network is located in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada and is “a critical source of funding for Hezbollah,” Treasury said.

“Iran is the head of the snake when it comes to global terrorism, and its proxies, such as Hezbollah, carry out Tehran’s mission to sow chaos and destruction beyond its borders,” Treasury Secretary Scott Bessent. “Hezbollah continues to divert funds that rightfully belong to the Lebanese people to finance its terrorist operations. This action targets key actors within its global financial network that sustain its militant activities.”