OFAC sanctions several key Hezbollah operatives and Lebanese exchange houses for funneling tens of millions from Iran to the group through unlicensed money transfers

The U.S. Department of the Treasury designates several individuals facilitating large-scale money movements from Iran to Hezbollah via Lebanon’s largely cash-based exchange houses, targeting tactics including illicit oil revenue and unlicensed currency conversion. The action underscores the blocking of property under Executive Order 13224, emphasising that U.S. persons are prohibited from engaging…