BEIRUT: Lebanon’s President Joseph Aoun told US officials on Sunday his country was tackling money laundering and the financing of terrorism, days after Washington imposed sanctions on three Hezbollah members.
The trio were accused of money laundering to fund Lebanon’s Hezbollah militant group, designated a terrorist organization by the United States and other Western powers.
The US delegation’s visit to Beirut, headed by senior director for counterterrorism Sebastian Gorka, came as Washington works to cut off Iran-backed Hezbollah’s funding and Lebanon’s government tries to disarm it.
The group was severely weakened in its most recent war with Israel, which was halted by a November 2024 ceasefire.
“Lebanon strictly applies the measures adopted to prevent money laundering, smuggling, or its use in financing terrorism, and severely punishes financial crimes of all kinds,” Aoun said he had told the delegation.
On Thursday, the US imposed sanctions on three Hezbollah members allegedly involved in the transfer of tens of millions of dollars from Iran, the group’s main sponsor.
Part of the funding was via money exchange businesses that operate in cash, said a US Treasury statement.
Since January 2025, Iran’s Revolutionary Guards have “transferred over $1 billion” to Hezbollah, “mostly through money exchange companies,” it added.
“Lebanon has an opportunity to be free, prosperous and secure — but that can only happen if Hezbollah is fully disarmed and cut off from Iran’s funding and control,” deputy director for counter-terrorism John Hurley said Thursday.
Hurley later posted on X that he, Aoun and Gorka had “discussed ways in which we can partner together to stop the flow of money from Iran to Hezbollah and create a safer and more prosperous Lebanon.”
Israel on Sunday carried out new strikes in south Lebanon, killing two people according to the health ministry, putting the toll from Israeli strikes since Saturday at five.
Aoun called on Sunday for “pressure on Israel to stop its ongoing attacks.”
Lebanon fighting ‘terror financing’, president tells US
https://arab.news/zxwpd
Lebanon fighting ‘terror financing’, president tells US
- President Aoun called on Sunday for “pressure on Israel to stop its ongoing attacks”
- Since January 2025, Iran’s Revolutionary Guards have “transferred over $1 billion” to Hezbollah
Syria’s growth accelerates as sanctions ease, refugees return
- Economy grows much faster than World Bank’s 1% estimate, fueling plans for currency’s relaunch
NEW YORK: Syria’s economy is growing much faster than the World Bank’s 1 percent estimate for 2025 as refugees flow back after the end of a 14-year civil war, fueling plans for the relaunch of the country’s currency and efforts to build a new Middle East financial hub, central bank Governor AbdulKader Husrieh has said.
Speaking via video link at a conference in New York, Husrieh also said he welcomed a deal with Visa to establish digital payment systems and added that the country is working with the International Monetary Fund to develop methods to accurately measure economic data to reflect the resurgence.
The Syrian central bank chief, who is helping guide the war-torn country’s reintegration into the global economy after the fall of Bashar Assad’s regime about a year ago, described the repeal of many US sanctions against Syria as “a miracle.”
The US Treasury on Nov. 10 announced a 180-day extension of the suspension of the so-called Caesar sanctions against Syria; lifting them entirely requires approval by the US Congress.
Husrieh said that based on discussions with US lawmakers, he expects the sanctions to be repealed by the end of 2025, ending “the last episode of the sanctions.”
“Once this happens, this will give comfort to our potential correspondent banks about dealing with Syria,” he said.
Husrieh also said that Syria was working to revamp regulations aimed at combating money laundering and the financing of terrorism, which he said would provide further assurances to international lenders.
Syria’s central bank has recently organized workshops with banks from the US, Turkiye, Jordan and Australia to discuss due diligence in reviewing transactions, he added.
Husrieh said that Syria is preparing to launch a new currency in eight note denominations and confirmed plans to remove two zeroes from them in a bid to restore confidence in the battered pound.
“The new currency will be a signal and symbol for this financial liberation,” Husrieh said. “We are glad that we are working with Visa and Mastercard,” Husrieh said.
