hizballah
20 January 2022
OFAC sanctions Hizballah-linked Lebanese financiers
The US Treasury Department’s Office of Foreign Assets Control (‘OFAC’) says that it has designated ‘three Hizballah-linked financial facilitators and their Lebanon-based travel company,’ namely, Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame, and the company, Dar Al Salam for Travel & Tourism. OFAC said that the move ‘comes at a time in which the Lebanese economy faces an unprecedented crisis and Hizballah, as part of Lebanon’s government, is blocking economic reforms and inhibiting much needed change for the Lebanese people.’
It added, ‘Hizballah’s widespread network of financial facilitators has helped the group exploit Lebanon’s financial resources and survive the current economic crisis. Through businessmen like those designated today, Hizballah gains access to material and financial support through the legitimate commercial sector to fund its acts of terrorism and attempts to destabilize Lebanon’s political institutions.’
