The designations include Hezbollah-linked institutions that “threaten regional stability, international security, mutual interests and global trade,” the U.S. Treasury Department stated.
The member states of the Terrorist Financing Targeting Center announced on Tuesday joint sanctions on “multiple key components of Hezbollah’s financial infrastructure,” according to the U.S. Department of the Treasury.
The designations target five entities and 16 individuals, including Hezbollah financial institutions Al-Qard Al-Hassan and Bayt al-Mal, their senior leaders, and Ibrahim Ali Daher, chief of Hezbollah’s Central Finance Unit.
The TFTC includes the United States and the six Gulf Cooperation Council countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The group coordinates sanctions designations, intelligence sharing on terrorist-financing networks and efforts to strengthen members’ ability to counter such networks.
“These coordinated actions underscore TFTC members’ shared commitment to disrupting Hezbollah’s ability to exploit the international financial system,” Treasury stated. “All targets announced today were previously designated by the United States.”