US places sanctions on 10 people over alleged Hezbollah cash-smuggling ring
Summary
The U.S. Treasury Department sanctioned 10 people accused of smuggling hundreds of millions of dollars in cash to Hezbollah using commercial flights between Iran, Turkey, the UAE, and Lebanon. The network helped Hezbollah avoid sanctions and get foreign currency without using banks.Key Facts
- The sanctions target 10 individuals linked to a cash courier network supporting Hezbollah.
- The network operated by carrying cash on commercial flights between Iran, Turkey, the UAE, and Lebanon.
- Hezbollah is an Iran-backed Lebanese militant group designated by the U.S. as a global terrorist organization.
- Yunus Alper Yilmaz, a Turkish businessman, led the courier operation using currency exchange houses and shell companies.
- The U.S. investigation involved cooperation with Turkish authorities.
- Sanctions freeze any U.S. assets owned by these individuals and ban Americans from doing business with them.
- The action comes amid regional tensions involving Turkey, Israel, and Syria.
- The U.S. calls this part of a broader effort to stop Iran from funding Hezbollah’s activities in Lebanon and the region.
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