News

U.S. officials accused seven Lebanese men Tuesday of using their affiliation with several domestic banks and a nonprofit group to give Hezbollah, a blacklisted Shiite militia and political organization, access to the global financial system. Ibrahim Ali Daher has overseen Hezbollah's budget, including funding for military operations, and the other six men have used personal accounts to move hundreds of millions of dollars across the globe for Al-Qard al-Hassan, a nonprofit that holds an operating license from Lebanon's Interior Ministry, the Treasury Department's Office of Foreign Assets Control said. OFAC designated Al-Qard al-Hassan in 2007 for helping Hezbollah circumvent banking...