U.S. Targets Hezbollah Financial Network in Fresh Sanctions

The United States and Qatar took coordinated action on Wednesday targeting a Hezbollah financial network in the Arabian Peninsula, the U.S. Treasury Department said in a statement.

The Treasury said it designated individuals including Ali Reda Hassan al-Banai, Ali Reda al-Qassabi Lari and Abd al-Muayyid al-Banaiare for having provided financial or material support to Hezbollah.

"Hezbollah seeks to abuse the international financial system by developing global networks of financiers to fill its coffers and support its terrorist activity," said Andrea Gacki, director of the department's Office of Foreign Assets Control.

"The cross-border nature of this Hezbollah financial network underscores the importance of our continued cooperation with international partners, such as the Government of Qatar, to protect the U.S. and international financial systems from terrorist abuse."

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The individuals include citizens of Qatar, Saudi Arabia and Bahrain, as well as a Palestinian, the department said on its website.