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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Sanctions Target Hezbollah's Financial Operations
The United States has announced new sanctions against Hezbollah, focusing on five financial entities and 16 individuals. This move aims to disrupt the group's funding mechanisms and limit its access to the global financial system.
## Key Institutions Affected
Among the targeted entities are Al Qard Al Hassan Association and Bayt Al Mal. The US Treasury describes Al Qard Al Hassan as a front for banking services under the guise of a non-governmental organization. It allegedly facilitates financial transactions supporting Hezbollah's activities. Bayt Al Mal is considered Hezbollah's unofficial treasury, managing its assets and investments.
## Individuals Under Sanction
The sanctions also extend to 16 individuals, including Ibrahim Ali Daher, who oversees Hezbollah's Central Finance Unit. Other notable figures include Adel Mohammed Mansour and Ahmed Mohammed Yazbek, senior officials at Al Qard Al Hassan.
## Financial Impact
The US Treasury claims that some sanctioned individuals have facilitated financial transfers worth hundreds of millions of dollars through Lebanese and US banks. These actions have allegedly allowed over $500 million to circulate through the financial system over more than a decade, despite previous sanctions.
## Broader Implications
The sanctions aim to go beyond freezing assets, targeting the financial channels Hezbollah uses to bypass restrictions. This includes exchange houses, gold trading, and informal networks.
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