U.S. sanctions 10 individuals for 'transferring cash' to Hezbollah

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) said Thursday it has imposed sanctions on 10 individuals that are "part of a network responsible for transferring cash" to Hezbollah.

The network utilizes couriers travelling on commercial airline flights between Lebanon, Türkiye, the UAE, and Iran to move up to hundreds of millions of dollars between jurisdictions, providing an avenue outside the formal financial system for Hezbollah to obtain foreign currency and evade sanctions, OFAC claimed in a press release posted on the website of the Department of the Treasury.