US and Qatar Sanction Iran-backed Hezbollah Financial Network

The U.S. Treasury Department and Qatar have issued joint sanctions on members of the networks that finance the Iran-backed terrorist group Hezbollah. In a statement on Sept. 29, Office of Foreign Assets Control (OFAC) Director Andrea M. Gacki said Hezbollah had “abus[ed] the international financial system by developing global networks of financiers to fill its coffers and support its terrorist activity.” “The cross-border nature of this Hizballah financial network underscores the importance of our continued cooperation with international partners, such as the Government of Qatar, to protect the U.S. and international financial systems from terrorist abuse,” added Gacki, using an alternative spelling of Hezbollah. The Office of Foreign Assets Control has imposed sanctions on seven Gulf residents including Ali al-Banai and one Qatari company, AlDar Properties, that allegedly provide financial support to Hezbollah. According to the statement, Ali al-Banai has had meetings with Hezbollah officials regularly in Lebanon and Iran, and has …

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European Shares Rebound, but Set to End Volatile September With Losses

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European stocks continued their rebound on Thursday from a bruising sell-off earlier this week, but were set for monthly declines on worries about a slowing global economy and higher inflation. The pan-regional STOXX 600 index rose 0.6 percent, led by technology stocks, which were at the centre of the market […]
European Shares Rebound, but Set to End Volatile September With Losses

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