U.S. Hits Hizbullah ‘Financiers, Firms’ with New Sanctions

The U.S. Treasury Department announced on Wednesday that it had imposed new sanctions on two individuals and three entities on charges of financing Hizbullah and trying to circumvent U.S. sanctions.

According to the Office of Foreign Assets Control, the two individuals are “Wael Bazzi, a Belgian resident who worked on behalf of his father and Hizbullah financier Mohamed Bazzi; and Lebanon-based Hassan Tabajeh, who acted on behalf of his brother Adham Tabjba, a member of Hizbullah and one of its financiers.”

The U.S. sanctions against the two men and their three European-based firms freezes their assets and property and prevents businesses from dealing with them.

Early this week, the Trump administration said it is offering rewards of up to $10 million each for information that disrupts the finances of Hizbullah organization.