US, Qatar target Hezbollah financial network with sanctions


Staff member
US, Qatar target Hezbollah financial network with sanctions
The individuals include citizens of Qatar, Saudi Arabia and Bahrain, as well as a Palestinian, the department said on its website.
SEPTEMBER 29, 2021

The United States and Qatar took coordinated action on Wednesday targeting a Hezbollah financial network in the Arabian Peninsula, the US Treasury Department said in a statement. The Treasury said it designated individuals including Ali Reda Hassan al-Banai, Ali Reda al-Qassabi Lari and Abd al-Muayyid al-Banaiare for having provided financial or material support to Hezbollah, the Lebanon-based Shi'ite Islamist group that Washington has designated as a foreign terrorist organization. Qatar had also designated the network, the Treasury said, but it did not detail those actions. "Hezbollah seeks to abuse the international financial system by developing global networks of financiers to fill its coffers and support its terrorist activity," said Andrea Gacki, director of the department's Office of Foreign Assets Control.