Overview
- Treasury undersecretary John Hurley said Iran has funneled about $1 billion to Hezbollah this year, citing an interview given in Istanbul during a regional enforcement tour.
- Hurley’s trip spans Turkey, Lebanon, the United Arab Emirates and Israel, seeking tighter coordination with governments, banks and private-sector actors.
- Washington issued new sanctions in recent days on individuals accused of channeling Hezbollah funds through money exchange houses used to move cash outside formal banking channels.
- U.S. officials say the Islamic Revolutionary Guard Corps moved most funds via money exchangers and other informal transfer networks, prompting a push to close loopholes.
- In Beirut, President Joseph Aoun told a visiting U.S. delegation that Lebanon is cracking down on money laundering, as Israeli strikes in southern Lebanon on Sunday killed two, according to Lebanon’s Health Ministry.