Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating five individuals and three associated companies involved in a Lebanon-based sanctions evasion network supporting the Hizballah finance team. The Hizballah finance team manages a variety of lucrative commercial projects and oil smuggling networks, often in conjunction with Iran’s Islamic Revolutionary Guard Corps – Qods Force (IRGC-QF), to generate and transfer revenue for Hizballah. The Hizballah finance team uses front companies to generate millions of dollars in revenue for Hizballah and support the group’s terrorist activities, while also allowing key associates and family members, like those designated today, to enrich themselves through these commercial enterprises.
“Today’s action underscores Treasury’s determination to expose and disrupt the schemes that fund Hizballah’s terrorist violence against the Lebanese people and their neighbors,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith. “These evasion networks strengthen Iran and its proxy Hizballah and undermine the courageous efforts of the Lebanese people to build a Lebanon for all its citizens.”
Today’s action is being taken pursuant to counterterrorism authority Executive Order (E.O.) 13224, as amended. The U.S. Department of State designated Hizballah as a Foreign Terrorist Organization on October 8, 1997, and as a Specially Designated Global Terrorist on October 31, 2001. This action supports the United States Government policy of maximum pressure on Iran and its terrorist proxies such as Hizballah, as detailed in National Security Presidential Memorandum 2 of February 4, 2025.
Additionally, the U.S. Department of State’s Rewards for Justice (RFJ) program, which is administered by the Diplomatic Security Service, is offering a reward of up to $10 million for information leading to the disruption of the financial mechanisms of Hizballah.