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Copyright © 2019 The American Israel Public Affairs Committee

Treasury Continues to Target Hizballah Fundraising

On Oct. 4, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Hizballah’s financial support network by designating Muhammad Abdallah al-Amin as a Specially Designated Global Terrorist for providing material support to a previously designated Hizballah financier.

In addition to al-Amin, OFAC designated seven Lebanon-based companies that al-Amin owns or controls.

“Our action should serve as a warning that we will impose consequences on anyone engaging in business relationships with al-Amin or other Hizballah support networks. Treasury has taken more actions against Hizballah this year than ever before, and we are fully committed to shutting down this terrorist network,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker.

“Hizballah is an Iranian-proxy, and this Administration is focused on exposing and disrupting its terrorist funding networks,” Mandelker added.

Type: News Hub