Treasury Targets Oil and LPG Smuggling Network That Generates Millions in Revenue for Hizballah

News Financial services English Sanctions & Fines

Date: 11th Sep, 2024 Source: Office of Foreign Assets Control Country: USA Original Source

Brief

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning three individuals, five companies, and two vessels that are involved in smuggling oil and liquified petroleum gas (LPG) to generate revenue for Hizballah. The network, comprised of Lebanese businessmen and companies and overseen by a senior leader of

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Office of Foreign Assets Control

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Treasury Targets Oil and LPG Smuggling Network That Generates Millions in Revenue for Hizballah

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Treasury Targets Oil and LPG Smuggling Network That Generates Millions in Revenue for Hizballah

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Office of Foreign Assets Control

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