The United States has sanctioned a money laundering network affiliated with Hezbollah in Lebanon


The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Adnan Ayad and a group of companies affiliated with the two men who formed a pro-Lebanese Hezbollah financial network and laundered money for the group.

Adnan Ayad and the financial network under his control have been accused of plotting to exploit the international financial network to finance terrorist and destructive activities by planning to circumvent US sanctions against the Lebanese Hezbollah group.

According to the report, Adnan Ayad, a member of Hezbollah, and his son, Jihad Adnan Ayad, are active in the network, which consists of two construction and investment companies based in Zambia, five companies in Lebanon and one tourism company in the United States. Fundraising and money laundering help Lebanese Hezbollah.

US Deputy Secretary of the Treasury for Counter-Terrorism Brian Nelson, referring to the network’s activities, said that Lebanese Hezbollah was involved in destabilizing Lebanon and that the United States was determined to “combat Hezbollah’s illegal financial activities and destroy the economic networks connected to this group.”

According to the US Treasury Department, Jihad Adnan Ayad, the son of Lebanese Hezbollah member Adnan Ayad, is also on the sanctions list, and all property or shares of the three men, as well as their tourism company, will be confiscated in the United States.

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