In a statement released by the US Treasury Department, a coordinated effort between the United States and Qatar took place on Wednesday targeting Hezbollah.
The sanctions hit individuals that provided financial or material support to Hezbollah through a financial network in the Arabian Peninsula.
The designated individuals include Ali Reda Hassan al-Banai, Ali Reda al-Qassabi Lari and Abd al-Muayyid al-Banaiare.
“Hezbollah seeks to abuse the international financial system by developing global networks of financiers to fill its coffers and support its terrorist activity,” said Andrea Gacki, director of the department’s Office of Foreign Assets Control.
“The cross-border nature of this Hezbollah financial network underscores the importance of our continued cooperation with international partners, such as the Government of Qatar, to protect the U.S. and international financial systems from terrorist abuse,” she continued.
The individuals include citizens of Qatari, Saudi, Bahraini, and Palestinian citizens.
Hezbollah, a sanctioned entity with a terrorist organization designation by most of the countries in the world, has faced increased scrutiny as it relies on international operations to raise funds.