Treasury Sanctions Key Hizballah, IRGC-QF Networks in Iraq

Action follows signing of new Hizballah sanctions legislationand re-imposition of Iran-related sanctionsWashington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today to target four Hizballah-affiliated individuals who lead and coordinate the group’s operational, intelligence, and financial activities in Iraq. Specifically, OFAC designated Shibl Muhsin ‘Ubayd Al-Zaydi, Yusuf Hashim, Adnan Hussein Kawtharani, and Muhammad ‘Abd-Al-Hadi Farhat as Specially Designated Global Terrorists (SDGTs) pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support to terrorists or acts of terrorism. “Hizballah is a terrorist proxy for the Iranian regime that seeks to undermine Iraqi sovereignty and destabilize the Middle East.