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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Sanctions Target Hezbollah's Financial Network
The United States has imposed sanctions on ten individuals accused of facilitating financial transactions for Hezbollah. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced these measures as part of efforts to disrupt Hezbollah's financial operations.
## Cash Transfers via Couriers
The sanctioned network reportedly uses couriers on commercial flights to transfer large sums of money between Lebanon, Turkey, and Iran. This method allows Hezbollah to access foreign currency and bypass formal financial systems, thereby evading existing sanctions.
## Broader Counterterrorism Efforts
These actions are part of a broader US strategy to counter terrorism financing, specifically targeting networks that support Hezbollah. The sanctions are implemented under Executive Order 13224, which targets entities posing a threat to US national security.
## Historical Context
Hezbollah has been designated as a Specially Designated Global Terrorist by the US since 2001. The group is accused of engaging in activities that threaten US interests and security. The Treasury Department highlights that Hezbollah's financial operations include oil smuggling and illicit shipping, among other schemes.
## Ongoing Measures
The US continues to target Hezbollah's financial networks, which have ties to the Iranian regime and its Islamic Revolutionary Guard Corps-Qods Force. This latest action underscores the ongoing US commitment to curbing terrorism financing in the region.
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