OFAC sanctions Lebanese officials, firms tied to Hezbollah finance network

WASHINGTON, June 18, 2026 — The US Treasury Department on Thursday designated three individuals and five entities under its counterterrorism authority, saying they were linked to Hezbollah or to financier Alaa Hassan Hamieh, part of a broader campaign to choke off the group’s funding channels.

The latest action adds Lebanese politician Sleiman Frangieh, Hezbollah official Mahmoud Qamati and Wael Costanteen to the Specially Designated Nationals list. Treasury also blacklisted Al ‘Ahd Company for Trade and Investment in Syria, Al Shafa Administrative Services in Iraq, Globe International SPC in Oman, Globe Technology Providers SARL in Lebanon and TYKE SAL in Lebanon. OFAC said the designations carry secondary sanctions risk under Executive Order 13224, as amended.

The move follows a Treasury action in March against a 16-person and entity network led by Hamieh, a former Lebanese public investment official whom OFAC accused of overseeing companies used to launder money and raise funds for Hezbollah. Treasury said that network diverted more than $100 million since 2020 through projects and front companies across Lebanon, Syria, Poland, Slovenia, Qatar and Canada.

Treasury has steadily intensified pressure on Hezbollah’s financial apparatus this year. In February, OFAC targeted operatives and a gold exchange business it said helped the group generate revenue and exploit Lebanon’s cash economy. In May, Treasury designated nine Hezbollah-aligned officials in Lebanon for obstructing the peace process and the group’s disarmament.

The sanctions widen a US campaign aimed at the commercial infrastructure Treasury says supports Hezbollah, including business associates and companies operating across several jurisdictions.

By naming both political figures and corporate entities, the action signals that Washington is continuing to target the wider financial and logistical networks it says help the group raise, move and manage funds.