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Treasury Department Sanctions Hezbollah Members, Islamic State Faction

Treasury Department Sanctions Hezbollah Members, Islamic State Faction

"The TFTC again demonstrated its great value to worldwide security by disrupting Iran and Hezbollah's destabilizing influence in the region", said US Treasury Secretary Steve Mnuchin in a statement.

The joint action came in partnership between the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the seven member nations of the Terrorist Financing and Targeting Center (TFTC), which include Saudi Arabia, Bahrain, Kuwait, the Sultanate of Oman, Qatar, and the United Arab Emirates (UAE).

The Saudi Arabian state security statement coincides with the US treasury department adding fresh sanctions against Hezbollah leader Hassan Nasrallah and his deputy earlier Wednesday. The Treasury Department also made changes to Hezbollah chief Sheikh Hassan Nasrallah's status, making him a specially designated global terrorist.

Secretary of the Treasury Steven Mnuchin said in a statement that "under the dictates of the Iranian Revolutionary Guard Corps-Qods Force, Hasan Nasrallah is prolonging human suffering in Syria, fueling violence in Iraq and Yemen, putting the Lebanese state and the Lebanese people at risk, and destabilizing the entire region".

The military wing of Lebanon's Hezbollah and Hezbollah Deputy Secretary General Naim Qassem are among the designated terrorist entities.

The latest United States sanctions came one day after the Treasury Department slapped sanctions on governor of Iran's Central Bank Valiollah Seif, alleging it had funneled funds to Hezbollah.

Khalil, Nasrallah's political advisor, was one of several senior "Hezbollah" commanders who shared responsibility for the group's special operations in Europe.

Mnuchin announced the TFTC cooperation with six Gulf states in 2017. Since President Donald Trump announced the policy-shift on Iran, the US has sanctioned the nation's central bank governor and an Iran-linked currency exchange network.

Hezbollah is a Shiite militia based in Lebanon, where its political arm recently expanded its influence by making gains in parliamentary elections.

Recall that Saudi Arabia and its allies recognized the "Hezbollah" terrorist organization in 2016.

The move comes a week after US President Donald Trump announced his country's withdrawal from the Iran nuclear deal and that he would be re-imposing sanctions on Tehran.