US Sanctions Global Hezbollah Financial Network, Targets $100 Million Laundering Operation

Washington, March 2026 : The United States has taken decisive action against what it described as a vast financial network channeling over $100 million to Hezbollah, sanctioning individuals and companies operating across multiple countries. The move, announced by the US Department of the Treasury, aims to disrupt the group’s funding mechanisms and curb its global terrorist activities.

The Treasury’s Office of Foreign Assets Control (OFAC) designated 16 individuals and entities linked to Hezbollah financier Alaa Hassan Hamieh. Officials accused Hamieh of overseeing a network of companies used to launder money and raise funds to support the group’s militant operations. The network spans Lebanon, Syria, Poland, Slovenia, Qatar, and Canada, and has been active in numerous economic projects that facilitated the diversion of funds since 2020.

“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,” said Treasury Secretary Scott Bessent. He added, “Hizballah 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.”

The sanctions were issued under Executive Order 13224, which authorizes measures against terrorist organisations and their financial backers. Hezbollah has been designated as a Foreign Terrorist Organisation by the United States since 1997 and as a Specially Designated Global Terrorist entity since 2001.

According to the Treasury, Hezbollah funds both its militant wing and social programmes through a “wide array of revenue generation and sanctions evasion schemes,” many orchestrated by its finance team. The group has also leveraged its influence in Lebanon’s government to divert funds for its own benefit.

Hamieh, formerly vice president of Lebanon’s Investment Development Authority, allegedly exploited his position in a trade arrangement between Iraq and Lebanon meant for reconstruction projects. The authority had the discretion to select project beneficiaries, and Hamieh reportedly redirected millions of dollars to Hezbollah-linked initiatives.

Other individuals targeted include Syrian national Bahaa Addin Hashem and Lebanon-based Mohamad Jamil Salami, who is linked to a sanctions-evasion scheme involving telecommunications equipment destined for an Iranian company operating in Syria. Qatar-based Raoof Fadel, co-founder and CEO of a logistics company tied to the network’s Canadian operations, was also designated.

Companies operating under the “Seven Seas” and “Calllync” brands in Lebanon, Europe, and North America were sanctioned as well. Authorities said these entities facilitated procurement, financial transfers, and money laundering to support Hezbollah’s activities.

As a result of the sanctions, all property and interests in property of the designated individuals and entities within US jurisdiction are blocked. Additionally, US persons are generally prohibited from engaging in transactions with them, effectively cutting off key funding channels for the organisation’s operations.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)