July 2016
In late May 2016, Adam Szubin, the acting US
Treasury undersecretary for terrorism and financial intelligence said his
country in cooperation with its allies and partners is attempting to limit
Hezbollah financial relations. A bill was passed in the U.S. back in December
2015 imposing strict punishment on any international financial support to
Hezbollah and any individual or entity that provides financial support for this
group. This law sparked an unprecedented dispute between Hezbollah and Lebanese
banks. The Lebanese Hezbollah, designated as a terrorist group by the U.S., has
widespread political influence in Lebanon and its military branch plays an
important role in the war in Syria. The Lebanese Central Bank and American
officials have said this bill does not target ordinary Lebanese citizens or the
Shiite community of this country that supports Hezbollah.










