US Treasury Hezbollah sanctions target 10 cash courier network
Washington has imposed sanctions on 10 individuals linked to a covert financial network moving hundreds of millions of dollars in cash to Hezbollah. International financial compliance officers and regional jurisdictions now face heightened scrutiny as US authorities target commercial flight couriers bypassing formal banking channels.
Commercial flight couriers moved millions across borders to evade financial monitoring
The US Department of the Treasury’s Office of Foreign Assets Control designated the network operating via commercial airline flights between Lebanon, Turkey, and Iran, moving up to hundreds of millions of dollars outside formal financial systems to obtain foreign currency and evade restrictions.
The action expands longstanding US counterterrorism measures documenting the operational, financial, and logistical integration between Hezbollah and Iran’s Islamic Revolutionary Guard Corps-Qods Force.
