(December 16, 2019 / JNS) The United States sanctioned two top Hezbollah money-launderers on Friday—one in Lebanon and the other in the Democratic Republic of the Congo—and their companies.
“Hezbollah continues to use seemingly legitimate businesses as front companies to raise and launder funds in countries like the DRC, where it can use bribery and political connections to secure unfair market access and evade taxes,” said U.S. Treasury Secretary Steven Mnuchin. “This administration will continue to take action against Hezbollah financiers like Nazem Said Ahmad and Saleh Assi, who have used money-laundering and tax-evasion schemes to fund terrorist plots and finance their own lavish lifestyles as the Lebanese people suffer.”
Ahmad, who has a vast art collection, is reportedly one of Hezbollah’s top donors, generating funds through his longstanding ties to the “blood diamond” trade.
Assi reportedly provided financial support to Hezbollah financier Adham Husayn Tabaja, who has direct ties to senior Hezbollah officials and Hezbollah’s operational component, the Islamic Jihad, which is responsible for executing Hezbollah’s terrorist attacks globally, according to the U.S. Treasury Department.
Tabaja has already been sanctioned by the United States.
The United States also sanctioned Tony Saab on Friday for allegedly providing support to Assi.
Since withdrawing in May 2018 from the 2015 Iran nuclear deal, the United States reimposed sanctions lifted under it, along with enacting new financial penalties against Tehran.
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