OFAC targets Hizballah financial network in Africa & Middle East

OFAC has designated 6 people and 7 entities pursuant to Executive Order 13224, in order to target the “business operations of Hizballah” (a group designated as a Foreign Terrorist Organisation in 1997 and as a Specially Designated Global Terrorist (SDGT) in 2001). All of those designated in today’s action are subject to asset freezes, as well as secondary sanctions pursuant...