OFAC Targets Hezbollah-Linked Crypto Financier to Disrupt Iran’s Terror Funding
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted a key Hezbollah-linked money launderer and his associated crypto addresses. This action is part of a broader U.S. government effort to disrupt Hezbollah’s financial facilitation networks. OFAC has designated one individual and one entity for their involvement in moving money on behalf of the terrorist group Hezbollah. The individual, identified as a Lebanese national, is said to have been involved in a sophisticated money laundering scheme using cryptocurrency. The entity is a telecommunications company based in Lebanon that has been used by Hezbollah to help finance its illicit activities. OFAC has also identified several crypto addresses associated with these designated individuals and entities, urging financial institutions and other entities to be vigilant in monitoring for any transactions involving these addresses.
27 березня 2024
