The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned individuals, companies, and vessels involved in smuggling oil and LPG to fund Hezbollah. This illicit network, run by Lebanese businessmen and overseen by a Hezbollah finance leader, has supplied LPG to Syria and funneled profits to Hezbollah, supporting its terrorist activities.
Acting Under Secretary Bradley T. Smith emphasized that Hezbollah prioritizes violence over the well-being of its people, launching rockets into Israel and causing regional instability. The Treasury vows to disrupt the financing networks that sustain Hezbollah’s warfare.
Two Hezbollah officials, Muhammad Qasir and Muhammad Qasim al-Bazzal, facilitate LPG transportation and receive payments for sales on behalf of Hezbollah. Previously designated by OFAC, they play crucial roles in funding the group’s operations.
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