U.S. blocks funds of two companies it links to Hezbollah
The companies Bayt al-Mal and Yousser Company said to be "unofficial treasury" of Hezbollah.
By ReutersThe United States on Thursday froze the assets of two Lebanese financial companies it said were the "unofficial treasury" of the militant group Hezbollah.
A Treasury Department statement said Bayt al-Mal served as a bank, creditor and investment arm for Hezbollah, and used the Yousser Company for Finance and Investment to secure loans and finance business deals for Hezbollah's companies.
"Bayt al-Mal and the Yousser Company function as Hezbollah's unofficial treasury, holding and investing its assets and serving as intermediaries between the terrorist group and mainstream banks," said Stuart Levey, the Treasury's undersecretary for terrorism and financial intelligence.
The statement said the Treasury had also blocked the assets of Husayn al-Shami, who it said was the head of Bayt al-Mal and a senior Hezbollah leader.
The Treasury's move prohibits U.S. transactions with the designated entities and freezes any assets they may have under U.S. jurisdiction.
Hezbollah, a militant religious political group, waged a 34-day war with Israel that ended August 14.
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What took them so long??
"Bayt al-Mal and the Yousser Company function as Hezbollah's unofficial treasury, holding and investing its assets and serving as intermediaries between the terrorist group and mainstream banks," said Stuart Levey, the Treasury's undersecretary for terrorism and financial intelligence The statement said the Treasury had also blocked the assets of Husayn al-Shami, who it said was the head of Bayt al-Mal and a senior Hezbollah leader. The Treasury's move prohibits U.S. transactions with the designated entities and freezes any assets they may have under U.S. jurisdiction. NASSARALLAH " I DIDN"T KNOW ...IF I ONLY KNEW ."
Now this is the way to weaken an organization like Hizballah, not destroying buildings and power plants and bridges and killing civilians. There are many ways other than force to make organizations and countries suffer consequences.
No money for Hezbollah trash.