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U.S. Sanctions B.C. Company Tied to Alleged $100 Million Hezbollah Funding Network

The action spotlights a gap in Canadian enforcement, with the B.C. firm still active and unsanctioned.

Image
Hezbollah supporters raise their group's flags and an image of Hezbollah's former leader Hassan Nasrallah during a protest condemning recent Israeli military actions in Lebanon and calling on the international community to intervene as tensions escalate along the southern border, outside the headquarters of the U.N. Economic and Social Commission for Western Asia, ESCWA, in Beirut, Lebanon, Wednesday, Feb. 4, 2026. (AP Photo/Bilal Hussein)

Overview

  • U.S. Treasury named Vancouver-based Seven Seas for International Trading and Logistics in a package of 16 designations linked to Hezbollah financier Alaa Hassan Hamieh.
  • Treasury officials say Hamieh’s network raised more than $100 million since 2020 by running companies across Lebanon, Syria, Qatar, Poland, Slovenia, and Canada.
  • The sanctions freeze any Seven Seas assets in the U.S. and bar American people and companies from doing business with the firm.
  • Corporate records show Seven Seas was registered in B.C. in 2022 as 1380892 B.C. LTD, with directors listed as Raoof Fadel and the Wehbe brothers; the U.S. also sanctioned Fadel and Mohamad Wehbe.
  • The company is not sanctioned in Canada and remains active in provincial filings, as B.C.’s Finance Ministry said it was not alerted before the U.S. move and FINTRAC’s 2022 alert warned of Hezbollah fundraising in Canada, which is a listed terrorist group under Canadian law.