Earlier this month, OFAC designated three individuals and two entities for providing support and services to Hizballah, ranging from holding properties and opening bank accounts on behalf of Hizballah to serving as investment mechanisms and supplying the group’s vehicle needs. In announcing the designations, OFAC emphasized the direct links between Hizballah’s terrorist and commercial activities. OFAC also affirmed its objective of disrupting the group’s use of the legitimate commercial sector for material and financial support to carry out terrorist acts.

For additional information on the new designations, see OFAC’s press release.