Overview
- The Treasury’s OFAC designated a network of 16 individuals and entities led by Hezbollah financier Alaa Hassan Hamieh.
- Companies tied to the network operate in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada, with activity cited since 2020.
- The action blocks U.S.-linked property, bars transactions by U.S. persons, and extends to any entity 50% or more owned by a blocked party.
- The State Department linked the move to recent Hezbollah attacks on Israel and described it as part of a broader effort to constrain Iran-backed proxies.
- The designations were taken under Executive Order 13224, with officials calling the network a critical funding source for Hezbollah’s finance team.