Treasury Targets Iranian-Backed Hizballah Officials for Exploiting Lebanon’s Political and Financial System

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated key Hizballah political and security figures leveraging their privileged positions to facilitate Hizballah’s malign agenda and do Iran’s bidding. Specifically, OFAC designated Hizballah Members of Parliament Amin Sherri and Muhammad Hasan Ra’d, and Hizballah security official Wafiq Safa, for acting for or on behalf of Hizballah. These individuals were designated under Executive Order (E.O.) 13224, which targets terrorists and those providing support to terrorists or acts of terrorism. “Hizballah uses its operatives in Lebanon’s parliament to manipulate institutions in support of the terrorist group’s financial and security interests, and to bolster Iran’s malign activities” said Sigal Mandelker, Treasury’s Under Secretary for Terrorism and Financial Intelligence.