US and Qatar Sanction Iran-backed Hezbollah Financial Network

US and Qatar Sanction Iran-backed Hezbollah Financial Network
Secretary of State Antony Blinken testifies during a hearing at Hart Senate Office Building in Washington on June 8, 2021. Alex Wong/Getty Images
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The U.S. Treasury Department and Qatar have issued joint sanctions on members of the networks that finance the Iran-backed terrorist group Hezbollah.

In a statement on Sept. 29, Office of Foreign Assets Control (OFAC) Director Andrea M. Gacki said Hezbollah had “abus[ed] the international financial system by developing global networks of financiers to fill its coffers and support its terrorist activity.”