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US sanctions alleged Hezbollah funders

Supporters of the Lebanese Shiite movement Hezbollah on 25 May 2020 [MAHMOUD ZAYYAT/AFP/Getty Images]
Supporters of the Lebanese Shia movement Hezbollah on 25 May 2020 [MAHMOUD ZAYYAT/AFP/Getty Images]

The United States said today it was sanctioning Lebanon and Kuwait-based financial conduits that fund the Lebanese group Hezbollah as well as financial facilitators and front companies that support the group and Iran, Reuters reports.

Hezbollah "continues to exploit the legitimate commercial sector for financial and material support, which enables the group to carry out acts of terrorism and degrade Lebanon's political institutions," the Treasury said in the announcement.

The sanctions also apply to businessman Morteza Minaye Hashemi, who lives in China and who had funneled money to Iran's Quds Force, the Treasury said. Two Chinese nationals had helped Hashemi establish bank accounts and served as straw owners for his companies, which were based in Hong Kong and mainland China, according to the Treasury release.

The US has designated Hezbollah as a terrorist organisation.

READ: Iran fuel travel from Syria into Lebanon

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