Report: U.S. Financial Intelligence Official in Lebanon next Week to Tackle Hizbullah Sanctions

U.S. Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen is set to visit Lebanon next week in wake of the adoption of an American law on imposing sanctions on Hizbullah, reported al-Joumhouria newspaper on Saturday.

His visit reflects Washington's keenness on the implementation of the law in Lebanon and the world, informed diplomatic and financial sources told the daily.

He will inquire on his trip on the “Lebanese measures aimed at confronting illegal funding and combating funding for Hizbullah, the Islamic State group, and other terrorist organizations.”

Cohen could be accompanied by his aide Daniel Glaser, the assistant secretary for the Department of the Treasury.

In April, Lebanese banks began taking measures against persons or institutions in accordance to a U.S. law that imposes sanctions on banks that knowingly do business with Hizbullah.

Last week, two Lebanese banks suspended three Hizbullah-linked accounts in conformity with the U.S. sanctions law.