U.S. Treasury and TFTC target Hizballah’s financial network, sanctioning senior officials and institutions for moving funds through shadow accounts, shell companies, and quasi-banking channels

The Terrorist Financing Targeting Center jointly designated five entities and 16 individuals linked to Hizballah, including Al-Qard Al-Hassan, Bayt al-Mal and senior financial officials, with Treasury saying the action targets core funding structures used to exploit the international financial system. The designations focus on alleged sanctions evasion, shadow banking activity, use of personal and joint accounts, and formal-sector transfers exceeding $500 million…