update desk

US State, Treasury departments designate Hezbollah-supporting ‘sanctions evasion network’

The latter department is re-advertising a $10 million reward for information about Hezbollah “financial mechanisms.”

Hezbollah flags fly over southern Lebanon. Credit: John Grummitt/Shutterstock.
Hezbollah flags fly over southern Lebanon. Credit: John Grummitt/Shutterstock.

In an April 18 announcement, the U.S. Treasury Department designated a “global sanctions evasion network” supporting Hezbollah with the U.S. State Department re-advertising a $10 million reward for information about Hezbollah’s “financial mechanisms.”

The latter specified information about Nazem Said Ahmad, a “specially designated global terrorist.” Since 1997, the State Department has designated Hezbollah a Foreign Terrorist Organization.

The two departments—working with the Departments of Justice, Homeland Security and Commerce, and with the United Kingdom—noted that the evasion network “facilitates the payment, shipment and delivery of cash, art and luxury goods” for Hezbollah’s benefit.

In December 2019, the United States sanctioned individuals and entities that launder money for Hezbollah, and then-Treasury Secretary Steven Mnuchin singled out Ahmad, for having “used money-laundering and tax-evasion schemes to fund terrorist plots” and finance his lavish lifestyle.

Ahmad, who owns a large art collection and has “blood diamond” trade ties, is reported to be a top Hezbollah donor.

You have read 3 articles this month.
Register to receive full access to JNS.

Just before you scroll on...

Israel is at war. JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you. The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support? Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.

Become a part of our mission by donating today
Thank you. You are a loyal JNS Reader.
You have read more than 10 articles this month.
Please register for full access to continue reading and post comments.
Never miss a thing
Get the best stories faster with JNS breaking news updates