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Friday, 24 May 2019

US targets two men, three firms for helping Hezbollah avoid sanctions

Reuters , Wednesday 24 Apr 2019
US Treasury
US Treasury Department (Photo: AP)
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The U.S. Treasury, moving to boost pressure on Hezbollah, imposed sanctions on Wednesday against two people and three firms that Washington accuses of being involved in schemes to help the armed Shi'ite group backed by Iran evade American sanctions.

The Treasury's Office of Foreign Assets Control (OFAC) said it was targeting Belgium-based Wael Bazzi because he acted on behalf of his father Mohammad Bazzi, a Hezbollah financier.

OFAC also took action against two Belgian companies and a British-based firm controlled by Bazzi.

In addition, the U.S. Treasury designated Lebanon-based Hassan Tabaja, who it said had acted on behalf of his brother Adham Tabajha, also a Hezbollah financier. The U.S. action freezes their assets and property and prevents U.S. citizens and businesses from dealing with them.

The two men and three businesses were targeted for sanctions under U.S. regulations aimed at suspected terrorists or those who support them, the Treasury said in a statement. Hezbollah is considered a foreign terrorist organization by the United States.

"Treasury is relentlessly pursuing Hezbollah's financial facilitators by dismantling two of Hezbollah's most important financial networks," Treasury Undersecretary Sigal Mandelker said in a statement.

"By targeting Hassan Tabaja and Wael Bazzi and their European-based companies, this administration is continuing to disrupt all avenues of financial support relied upon by Hezbollah," he said.

The U.S. State Department earlier this week offered a reward of up to $10 million for information that could help disrupt Hezbollah's financing.

The move to boost pressure on the group comes at a time of growing U.S. concern about its role in the Lebanese government. Hezbollah's regional clout has expanded as it has sent fighters to Middle East conflicts, including the war in Syria, where it supported President Bashar al-Assad.

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