U.S. Treasury: Iran has multiplied its support for Hezbollah

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Title : U.S. Treasury: Iran has multiplied its support for Hezbollah
Link : U.S. Treasury: Iran has multiplied its support for Hezbollah

A senior official at the United States Treasury said on Tuesday that Iran has multiplied its support for the Hezbollah terrorist group to a figure exceeding $700 million, more than three times as much as previous estimates of funding for the Lebanon-based group.

Speaking at the Foundation for Defense of Democracies (FDD) in Washington and quoted by The National, the U.S. Treasury under-secretary for terrorism and financial intelligence, Sigal Mandelker, condemned the Iranian government’s behavior on multiple fronts including funding illicit activities and supporting terrorism.

She also referenced U.S.-UAE cooperation and the efforts last month to uncover and break up a secret financial network sending money to Iran’s Revolutionary Guard (IRGC) and Quds Force.

Mandelker accused the Iranian regime of using shell and front companies, and forging documents to conceal its tracks in order to “fund terrorists, support weapons of mass destruction proliferation, or exploit its own people through corruption and human rights abuses.”

On Hezbollah particularly, she said, “Iran provides upwards of $700 million a year to Hezbollah.” That’s triple the $200 million figure previously estimated by the U.S. before Hezbollah’s involvement in Syria.

Mandelker, a former prosecutor at the department of justice, accused Iran of undermining the international financial system. She said Iran’s central bank had a direct role in directing the terror funding activities.

“What is all the more remarkable about this activity is that we are seeing Central Bank of Iran complicity in Quds Force financing,” said Mandelker, according to The National.

“We took action with our partners in the UAE to designate this network and shut it down” she added, urging other countries to follow suit. READ MORE