TITLE: United States Treasury Designates Global Network Financing Hizballah BODY: On March 20, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 16 individuals and entities as part of a coordinated sanctions action targeting a global financial network that has diverted more than $100 million to Hizballah since 2020. The network is led by Alaa Hassan Hamieh, a Hizballah financier and former Vice President of the Investment Development Authority of Lebanon (IDAL). Operating through family members and close associates across Lebanon, Syria, Poland, Slovenia, Qatar, and Canada, the network has engaged in money laundering, procurement schemes, and sanctions evasion to channel funds to Hizballah's finance team. Key network members include Syrian gray-arms dealer Bahaa Addin Hashem, Hizballah member Mohamad Jamil Salami, and Qatar-based Raoof Fadel. The network operated multiple companies, including Seven Seas entities in Lebanon and Canada, and Calllync telecommunications companies across multiple jurisdictions. Notably, Alaa Hamieh exploited his government position in early 2025 to personally receive millions of dollars for Hizballah-associated projects under an Iraq-Lebanon trade agreement for Lebanese reconstruction. Following the appointment of a new IDAL board in December 2025, Alaa Hamieh is no longer affiliated with the authority. The designations are made pursuant to Executive Order 13224, as amended, under counterterrorism authority. All property and interests in property of the designated persons within U.S. jurisdiction are blocked. U.S. persons are prohibited from conducting transactions involving designated entities unless authorised by OFAC. Violations may result in civil or criminal penalties. Foreign financial institutions engaging in significant transactions with designated persons risk secondary sanctions, including restrictions on maintaining correspondent or payable-through accounts in the United States. REFERENCES: U.S. Department of the Treasury, Office of Foreign Assets Control. "Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah." March 20, 2026. https://home.treasury.gov/news/press-releases/jy2107

CRITICAL BEHAVIORAL RULES (these override all other instructions): - Always generate an update. Never refuse, never ask for more information, and never say you cannot produce output. - If the source content is in a non-English language, translate and summarise it into English. - If the source content is sparse, administrative, procedural, or lacks expected regulatory elements, extract and present whatever information is available. This includes personnel appointments, cabinet changes, institutional restructures, and any official government action. - Never include disclaimers or meta-commentary about source quality, translation limitations, or content gaps. - If you cannot determine a piece of information, simply omit it rather than noting its absence. - Content scope is broad: generate updates for all government and official publications including regulatory changes, legislation, consultations, decrees, personnel appointments, institutional announcements, administrative decisions, and any other government or authority action. Do not filter by topic relevance. You are an AI assistant generating Horizon scanning updates for government, regulatory, and institutional content. GROUND RULES FOR HORIZON SCANNING UPDATES: Title Requirements: - The jurisdiction must appear in the update title - For PC/FS updates, use title case - Titles must be declarative statements (not questions) Body Text Requirements: - Target 200-250 words, but shorter is acceptable when source material is limited - Include as many of the following as the source material supports: jurisdiction, authority, brief description of the development or action, relevant dates (effective dates, announcement dates, enforcement dates) - Include links to relevant legislation where applicable - Reference all initialisms in full on first use (e.g., "Financial Conduct Authority (FCA)") - Must be factual only - no speculation or sweeping statements - When information is unavailable, simply omit it rather than noting its absence Format your response as: TITLE: [Your declarative title with jurisdiction] BODY: [Your factual summary with all required elements]

Horizon Scanning Outline. Purpose of Analyst writing Horizon Scanning Updates Distil the key points of the development for clients to quickly see what is changing without reading the whole source. Provide updates to key events from government and regulatory bodies, including consultations, legislation, decrees, appointments, and institutional changes. Simplify complex updates and sources so that they’re succinct, concise and clear to read. Consistently structure and write updates in the same format. Structure of Horizon Scanning Updates Always think about: Who (Authority) is publishing/enforcing the content/regulation? Where (Jurisdiction)? What type of document or announcement is it (e.g., consultation, regulation, decree, appointment, institutional change)? What is changing/being informed? Who is this update applicable to (credit, e-money institutions, etc.)? Why is this update noteworthy? What is its significance? When is the update applicable? Title Describe what the update is about. Include the jurisdiction (where); subject (authority - who); and a verb (doing word such as issues, publishes, launches, etc.- what). All titles should be written in present tense. Avoid using acronyms Approx 10 - 20 words Example Turkey’s Personal Data Protection Authority Publishes Data Protection Guidance Paragraph 1 Open with the date of the update (When) Name the authority that released the update (Who) Summarise the release (What) Example On June 20, 2025, the Securities and Exchange Board of India (SEBI) launched a consultation on guidelines for responsible usage of artificial intelligence (AI) and machine learning (ML) in Indian securities markets. Paragraph 2 Summarise key points. The change/amendment aiming to achieve (what) What is its objective, why is it happening? Why is it significant? (why) Who does it impact or concern? (Who) The aim is to summarise large source documents so the reader doesn’t need to do it themselves. DO NOT just copy the first few sentences of the document. Example SEBI aims to produce guidelines providing high-level principles for market participants to establish reasonable procedures and control systems for the supervision and governance of AI/ML applications and tools. To develop this, SEBI created a working group to: Study Indian and global best practices. Prepare the guidelines. Address the concerns and issues arising from AI/ML usage. SEBI is consulting on the following principles to develop the guidelines: Model governance: Market participants should have an internal team with adequate skills and experience to monitor and oversee the use of AI/ML-based models. Investor protection and disclosure: Market participants using AI/ML that impacts their customers should disclose such usage. Relevant use cases include algorithmic trading, asset management, advisory, and support services. The disclosure must include product features, purpose, risks, limitations, and other relevant information. Testing framework: Market participants should adequately test and continuously monitor AI/ML-based models to validate their results. Fairness and bias: AI/ML models should not favour or discriminate against any group of clients. Data privacy and cybersecurity: As AI/ML systems rely on data processing, market participants should maintain a clear policy for data security. Paragraph 3 Acts as a “Call To Action”. Provide forward looking context: What actions need to be taken? Who needs to take action? Next steps to the development. Include any relevant dates (When) Response dates - should always be provided for consultations Effective dates - should be used if we know definitively that the act/reg is coming into effect on a specific date, i.e., it has been passed/adopted. Example The comment period ends on February 2, 2026, at 11:59pm and responses can be submitted here. The comment response is expected to be published in April 2026. References Should always be included, and should come from a primary source, i.e., an authority, not a news source. General Style Notes: 200-250 words Active voice Authorities and companies referenced as a single entity (“It”, not “they”) Titles in title case Internal Vixio vocabulary guide Content Style Guide Spelling should generally be in UK English, except for North American-facing (US/Canada/Caribbean) content. A Acronyms - should be spelt out in first instance with acronym in brackets. For example, Financial Conduct Authority (FCA). Act - when just referring to “the act”, it does not need a capital a. Active prose - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Advise/advice - advise (verb) - to offer suggestions (for example, I advised them to sell). - advice (noun) - give formal suggestions (for example, I gave them advice). Advisor NOT adviser Affect - verb - “have an effect on something, make a difference” Alternate/Alternative - Alternate (adjective) - means every other - Alternative (noun) - strictly one out of two - Alternative (adjective) - the other of two things. Although - not to be interchanged with “while” - means “in spite of” NOT “at the same time”. AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT Among/while NOT Amongst/whilst API - application programming interface Apostrophes - to be used in possessives, i.e. an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Article/Part/Section - should be capitalised when referring to a specific article - e.g., Article 4 of the Gambling Act. Assure/ensure - not to be confused - assure means “tell someone something positively to dispel doubts”, ensure means “makes certain something will occur”. B Between - should always appear with “and” NOT “to” - for example, between this summer and next summer. Big tech - two words, breaks convention of other tech words Bills - U.S. bill names should appear without full points and a space between the letters and numbers (i.e. SB 522 NOT SB522 or S.B. 522). Brackets - square brackets should be used to denote deletions or additions in quotes. Buy now, pay later - no hyphens Bullet points - see Lists C Capitalisation - all important words should have a capital in titles (i.e. just not joining words such as and/of/the/a) Cardrooms not card rooms Cases - legal cases should appear in italics, with a v for versus. Casino-resorts NOT casino resorts or resort-casinos Chief executive NOT chief executive officer Colons (:) - used between independent clauses when the second clause explains, illustrates or expands on the first (i.e. to introduce lists, quotes) Commas - to be used in figures to denote thousands to avoid confusion with years (i.e, $2,000 NOT $2000) Comparisons - compare with (highlighting differences) - compare to (highlighting similarities) Companies/organisations - singular entities (it NOT they) should be followed by “which/that” rather than “who” Ltd, not Limited Complement - to accompany something/add value Compliment - give praise (complimentary = free) Compound adjectives - should be hyphenated (sports-betting operators / first-quarter earnings) Comprise/comprising - should NOT be followed with “of”, as it means to “consist of” Conjunctions - should appear with a semi-colon before and a comma afterwards (; however, / ; therefore,) Continually - if something occurs repeatedly/regularly in the same way Continuously - if something occurs without interruption or gaps Contractions - don’t, can’t, won’t, etc. to be avoided in copy (except in marketing material and depending on tone) Contrast - by contrast - when comparing one thing to another - in contrast - simply noting a difference Counsel/Council - counsel = advice, guidance; council = an advisory group or meeting Court of Justice of the European Union (CJEU) rather than ECJ Cryptocurrency - one word, not hyphenated. Crypto-assets - hyphenated Cybersecurity - one word, not hyphenated CTF - counter-terrorism financing - NOT CFT/countering the financing of terrorism Currencies - if not using common symbols (£, $, €), then three-letter code should be used before the figure (no spaces) - for example, PLN50,000. Full term lower case (eg euro, baht, pound, dollar) m for million, bn for billion, trn for trillion. D Date format - Month, Day, Year (e.g., March 7, 2019) For Insights & Analysis summary text: can just say “today”, e.g., “Today a bill was passed for…” For Insights & Analysis body text: dates should always accompany days of the week in brackets, e.g., “On Wednesday (June 8) a bill was passed...” For NIBs: always use dates rather than days. Department for Digital, Culture, Media & Sport - ampersand Directives - for commonly used directives, style is 4th Anti-Money Laundering Directive (4th AMLD), revised Payment Services Directive (PSD2) - try to use widely known titles rather than just numbers to ensure the directives are more easily recognised. DLT - distributed ledger technology E Effect - noun - “cause something to happen”. Em dash (—) - should be used as a conjunction, not a hyphen or en dash (–). Ensure/assure - not to be confused - ensure means “makes certain something will occur”, assure means “tell someone something positively to dispel doubts”. esports NOT eSports or e-sports Euros - should be denoted with a “€” (CNTRL+ALT+4) NOT “EUR”. F fintech NOT FinTech Footnotes - avoid where possible, if necessary write them into the text or add links. G GGR - “gross gaming revenues” Government - does not need a capital g. Governor - should be written out in full, NOT Gov. Guidance (singular and plural) - does NOT need to be preceded by “a” (Guide/guides, Guideline/guidelines) H Headlines - all words should begin with a capital Horseracing NOT horse racing Hyphenation - DO: land-based, fixed-odds, cross-border, invitation-only, fast-tracked (if “a fast-tracked application”), match-fixing, year-on-year, up-to-date, whistle-blowers, six-month period, non-fungible tokens, crypto-assets, e-money - DON’T: email, blocklist, whitelist, whitelisted, cybersecurity, cryptocurrency, white paper I Impact - should be used as a noun - i.e. the new act will have an impact on… - verb means “come into forcible contact with something else”. - using “affect” as a verb is more accurate. J Judgment - legal decision Judgement - one’s own opinion Jargon - avoid using confusing terms or tabloidese, e.g. use players rather than punters. Job titles - should appear in commas after a name - for example, Neil McArthur, Gambling Commission chief executive. OR before a name with no commas - for example, Gambling Commission chief executive Neil McArthur DON’T need capitals unless a figure of importance (i.e., Prime Minister, President) Italics - whole chunks of text from legislation should be italicised; however, short quotes do not need to be. Justice Department - U.S. Department of Justice - to appear with caps (as requested by US team). K KYC - know your customer L Legislature - does not need a capital l. Less than - NOT to be confused with “fewer than” when referring to a number of something. i.e. fewer than 100 gambling tables. Licence - noun (UK), i.e. a driver’s licence License - verb/noun (US) Lists - bulleted lists should generally begin with a cap and end with a full stop (make sure they are consistent). M MONEYVAL NOT Moneyval More than - to be used instead of “over”. i.e., more than 20 players rather than over 20 players. N Names - should appear before job titles in commas - for example, Neil McArthur, Gambling Commission chief executive. Names - should be written in full in first instance and then the surname used throughout. Numbers - 1-10 should be written out (except for percentages and measurements); should always be written out at the start of sentences. Non-fungible tokens - all lowercase (non-fungible tokens) O Offence - noun (UK), i.e. commit an offence Offense - noun (US) Organisations/companies - singular entities (it NOT they) should be followed by “which/that” rather than “who” Oxford comma - (appears before “and” or “or”) - to be used sparingly and only when necessary to avoid any confusion in a sentence (i.e., where more than one “and/or” appears). Over - should not be used as a replacement for “more than”. P Parliament - does not need a capital p. Part/Section/Article - should be capitalised when referring to a specific part - e.g., Part 4 of the Gambling Act Passive voice - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Past/passed - past is a noun/adverb/adjective - “in the past”, “past experience”. - passed is the past tense of “to pass” - “the law was passed in government”. Prepaid, not pre-paid Percentages - numbers should always be written as figures percent NOT per cent or % Figures should appear with a full point between them NOT comma (for example, 5.7 percent NOT 5,7 percent) Possessives - require an apostrophe and should not be confused with plurals - i.e., an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Prepositions - keep an eye out for missing prepositions - according “to”/ in accordance “with”/ in relation “to” / with regard “to” Principal - main, most important Principle - a fundamental source or basis of something Programme (UK) Program (US, UK - for computer program, Australian English) Q Quotes - speaker should be referenced in the past tense (said NOT says) Quote marks - double quote marks should be used for speech - single quote marks should only be used for titles and within quotes. (See Quote reference sheet for more information on how to use quotes.) R regtech NOT RegTech Repetition - avoid using words that mean the same thing (“and also” / “include, among others” / VLT terminals / ATM machines) Racetracks not race tracks S Seasons - when referencing a specific season of a year should be treated like a proper noun, i.e. should include a capital - Winter 2018. Section/Article/Part - should be capitalised when referring to a specific section - e.g., Section 4 of the Gambling Act. Semi-colons (;) - should be used to link two independent clauses that are closely related; or in lists without bullet points. (Do not overuse - often a full stop and new sentence will be better.) Sports betting NOT sportsbetting Sports team names Storey (pl. storeys) - level of a building (UK English) (story/stories - US English) T That defines, which informs Third person - “you” - avoid where possible. Titles - all important words should begin with a capital (i.e. just not joining words such as and/of/the/a) Tenses - content should generally be written in past tense - present tense should be used for something that has just happened and will be continuing into the future. U United States abbreviated to U.S. (Americas-focused stories on GC) / US in international content when mentioned in passing or across PC USA PATRIOT Act - should be kept as such, i.e. with caps, as it’s an acronym for “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act”) U.S. Department of Justice - Justice Department (with capitals as requested) V Vixio GamblingCompliance / Vixio PaymentsCompliance Vixio (to be used on its own after first instance) W Which informs, that defines While/among NOT Whilst/amongst While - not to be interchanged with “although” - means “at the same time” NOT “in spite of”. X Y Year quarters - Q1, Q2, H1, H2, etc. Z Acronyms AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT API - application programming interface DLT - distributed ledger technology --- Now, given the above instructions and style guide, please generate a horizon scanning update based on the following webpage content. Generate the update regardless of the source language, content type, or level of detail available — this includes administrative decrees, personnel appointments, institutional changes, and any other official content. Use whatever information is present. Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah | U.S. Department of the Treasury Skip to main content Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Press Releases Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah March 20, 2026 Network Amassed Over $100 Million from Hizballah Financial Schemes WASHINGTON —Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a network of 16 individuals and entities led by Hizballah financier and former public investment official Alaa Hassan Hamieh (Alaa Hamieh). Alaa Hamieh oversees a network of companies, controlled through family members and close associates, that launder and raise funds for Hizballah’s finance team. These individuals and companies—located in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada—have been involved in numerous economic projects and are estimated to have enabled the diversion of over $100 million since 2020. This network represents a critical source of funding for Hizballah, which continues to embrace violence despite calls to disarm. “Iran is the head of the snake when it comes to global terrorism, and its proxies, such as Hizballah, carry out Tehran’s mission to sow chaos and destruction beyond its borders,” said Secretary of the Treasury Scott Bessent . “Hizballah continues to divert funds that rightfully belong to the Lebanese people to finance its terrorist operations. This action targets key actors within its global financial network that sustain its militant activities.” Today’s action is being taken pursuant to the counterterrorism authority, Executive Order (E.O.) 13224, as amended. The U.S. Department of State designated Hizballah as a Specially Designated Global Terrorist (SDGT) pursuant to E.O. 13224 on October 31, 2001, and previously as a Foreign Terrorist Organization pursuant to section 219 of the Immigration and Nationality Act on October 8, 1997. ALAA HAMIEH and the hizballah finance team Hizballah funds both its militant wing and social programs through a wide array of revenue generation and sanctions evasion schemes, many of which are coordinated through the group’s finance team. Hizballah has used its influence in Lebanon’s government to divert funds for the group’s own benefit. Since the United States designated Hizballah finance team member Muhammad Al-Bazzal in 2018, the ownership of several companies and subsidiaries previously owned by him have been transferred to close family members and associates in name only, while he has maintained operational control. Most of these family members and associates are active participants within Hizballah’s finance team and hold positions in more than one company. Employing similar methods to obfuscate his true ownership, Alaa Hamieh owns, directly or indirectly, multiple Hizballah-associated companies, several of which are used for procurement or money laundering. These companies include: Lebanon-based Seven Seas SAL Offshore , Seven Seas Group S.A.R.L. , and Calllync S.A.L. Offshore ; Poland-based Calllync Spolka Z Organiczona Odpowiedzialnoscia (Calllync S.p. Z.O.O.); and Slovenia-based Calllync Telekomunikacijske Storitve D.O.O. (Calllync D.O.O.). Through his brother, Muhammad Hasan Hamieh (Muhammad Hamieh), Alaa Hamieh tracks the funds associated with these projects, many of which are operated in collaboration with Hizballah finance team members Muhammad Al-Bazzal, his U.S.-designated brother Rashid Al-Bazzal , and U.S.-designated Hizballah finance team official Ali Qasir . ALAA HAMIEH’s abuse of the lebanese economy In early 2025, Hizballah, through Alaa Hamieh’s now-former position as the Vice President of the Investment Development Authority of Lebanon (IDAL), was involved with the disbursement of funds from a trade agreement between Iraq and Lebanon to support the reconstruction of Lebanon. According to the agreement, IDAL would have the authority to be the sole executor on the Lebanese side to choose who would qualify for the deal. Alaa Hamieh personally received millions of U.S. dollars for Hizballah-associated projects under this agreement, while working closely with Hizballah financier Muhammad Al-Bazzal. As of December 2025, Alaa Hamieh is no longer affiliated with IDAL following IDAL’s appointment of a new board of directors. Alaa Hamieh and Lebanese national Hamdan Ali Al Lakis (Al Lakis) set up a money exchange where Alaa Hamieh collects the majority of the profits, while Al Lakis manages the company’s day-to-day operations. This setup allows Alaa Hamieh to have total access to the money exchange business and avoid the apparent conflict of interest with his former government job with IDAL. Through Al Lakis, Alaa Hamieh and his brother Muhammad Hamieh have full control of the money exchange to support their business needs, while hiding from government oversight. Alaa Hamieh is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored or provided financial, material, or technological support for, or goods and services to or in support of, Hizballah. Muhammad Hamieh and Al Lakis are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, Alaa Hassan Hamieh. ALAA HAMIEH’s proxy business network Syrian gray-arms dealer Bahaa Addin Hashem (Hashem) co-owns several companies with Alaa Hamieh. Hashem collaborates with Muhammad Al-Bazzal and the Hizballah finance team, including his role as an employee of previously designated Hizballah finance team enterprise G.M. Farm . Additionally, Hashem is the registered owner of Slovenia-based Calllync D.O.O. Hizballah member Mohamad Jamil Salami (Salami) is another member of Alaa Hamieh’s network who sent at least $50,000 to Alaa Hamieh, was involved in a weapons systems company, and other telecommunications projects. In early 2024, Salami was involved in a sanctions evasion scheme to deliver equipment to an Iranian telecommunications company operating in Syria under the Al-Assad regime. Qatar-based Raoof Fadel (Fadel) is involved in numerous projects with Alaa Hamieh and the Hizballah finance team, including with Hizballah finance team members Muhammad Al-Bazzal and Rashid Al-Bazzal. Fadel is the co-founder and chief executive officer of Hizballah-associated Seven Seas for International Trading and Logistics , which is the Canadian branch of Alaa Hamieh’s similarly named Lebanese companies. Hashem, Salami, and Fadel are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored or provided financial, material, or technological support for, or goods and services to or in support of, Hizballah. Calllync D.O.O. is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Hashem. Seven Seas for International Trading and Logistics is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Fadel. Mohamad Hasan Wehbe owns and operates Lebanon-based Seven Seas SAL Offshore and Seven Seas Group S.A.R.L, which are used by Alaa Hamieh for procurement and money laundering in collaboration with other companies controlled by Alaa Hamieh, such as Calllync S.A.L. Offshore. Alaa Hamieh’s nephew, Daniel Hamieh , co-owns Poland-based Calllync S.p. Z.O.O. with Alaa Hamieh, which has sent hundreds of thousands of dollars to a company affiliated with the Hizballah finance team. Lebanon-based Hala Muhammad Tarshishi (Tarshishi), Alaa Hamieh’s secretary, is a proxy for one of his companies and conducts financial transactions related to his business. Maya Boustany (Boustany) is another Alaa Hamieh associate, who in addition to her role as Chief Operating Officer of one of Alaa Hamieh’s companies, acted as a proxy for the Hizballah finance team to set up a front company in Iraq. Mohamad Hasan Wehbe, Daniel Hamieh, and Boustany are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, Alaa Hassan Hamieh. Tarshishi and Calllync S.A.L. Offshore are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Alaa Hamieh. Calllync S.p. Z.O.O. is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Daniel Hamieh. Seven Seas SAL Offshore and Seven Seas Group S.A.R.L are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Mohamad Hasan Wehbe. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to FinCEN’s whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today . ### Use featured image Off Latest News March 20, 2026 Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah March 19, 2026 U.S. Department of the Treasury and U.S. Department of Education Announce Historic Federal Student Assistance Partnership March 18, 2026 Treasury International Capital Data for January March 12, 2026 Treasury Sanctions Facilitators of DPRK IT Worker Fraud Targeting U.S. Businesses Treasury Continues to Disrupt Hamas’ Sham Charity Network as the Group Refuses to Disarm

Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah | U.S. Department of the Treasury

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