US sanctions Hezbollah operatives for ‘exploiting’ Lebanon’s cash economy

The US Treasury Department sanctioned individuals on Thursday who allegedly facilitated the transfer of tens of millions of dollars from Iran to Hezbollah by “exploiting” Lebanon’s cash-based financial sector through money exchange companies, Anadolu reports. The Office of Foreign Assets Control imposed the sanctions to “support the disarmament” of the Lebanese resistance group, according to a statement. Since January, Iran’s Revolutionary Guards Corps’ Quds Force has transferred more than $1 billion to Hezbollah, mostly through money exchange companies, it said. READ: Israel military claims Hezbollah is rebuilding military capabilities in southern Lebanon, signals possible escalation The Treasury Department accused Hezbollah of “exploiting” money exchange companies and the cash economy to launder illicit funds, arguing the group threatens the integrity of Lebanon’s […]