Iraq News - Local News - Baghdadpost

Washington breaks Hezbollah bones, dismantles financial networks
Observers affirmed that the new U.S. sanctions that reached the Lebanese Shams Network and added it on the terrorism list reveals that the U.S. administration is determined to impose unprecedented sanctions, serious financial restrictions and disarmament of Hezbollah. This aims at changing Hezbollah's terrorist agenda and distancing it from Iran.

They also revealed that the procedures will not be mere one-time sanctions, however, they are going to be an ongoing effective sanctions, operating around the clock and monitoring all Hezbollah's terrorist financial networks.

Observers further said that the noose around Hezbollah's neck and the Iranian regime is tightening.

Pressuring Hezbollah

The U.S. administration is moving ahead with its strategy of pressuring Iran and Hezbollah in accordance with a road map that encircles its activities, as well as illegal trade and money laundering, in Lebanon and many countries in the Middle East and the rest of the world.

The US Treasury Department announced the imposition of sanctions on the Lebanese Qasim Shams for the transfer of funds on behalf of drug smuggling organizations and Hezbollah.

Shams and its global network of money laundering are transferring tens of millions of dollars a month on behalf of the drug cartels, also facilitating the transfer of funds to Hezbollah.

The US Treasury Department said the Lebanese money laundering company, Qassim Shams, is the owner of Shams Exchange, which trades drugs worldwide on behalf of drug trafficking organizations and facilitates the transfer of funds to Hezbollah.

Money, drugs smuggling network

The Canadian Global News revealed last month that the United States, in cooperation with international intelligence agencies, especially in Colombia, Canada and Australia, managed to dismantle a resurgent offshoot of Pablo Escobar’s notorious Medellin Cartel, now called La Oficina, that was doing business with terrorists.    

La Oficina and numerous other cartels, according to DEA records, were using services from an elite business wing of Hezbollah — the Islamist party and terror organization based in Lebanon.

The so-called Business Affairs Component was tasked with funneling its cut from billions in drug smuggling and professional money laundering proceeds directly into Hezbollah’s military objectives, according to DEA records and statements from Colombian prosecutors. And criminals and businesses in China and Hong Kong were a big part of these professional money-washing schemes.

But Hezbollah wasn’t just interested in drug trafficking in order to fund guns and bombs.

According to a DEA affidavit obtained by Global News, they also realized the military benefits of making connections with global drug traffickers. It’s a view that some Canadian military and financial intelligence experts confirmed in background interviews.

Hezbollah assessed that this new business was “damaging or weakening their enemies both in the form of drug addiction and in terms of the societal and economic costs associated with combating trafficking and addiction,” the affidavit filed September 2016 in Miami’s U.S. District Court says.

The issue is that Hezbollah's crisis does not stop at Hezbollah's borders, but goes beyond the state in Lebanon, which has entered the stage of danger since the emergence of the militia of Nasrallah.