U.S. Department of the Treasury

(Archived Content)

2006-12-6-12-29-32-21966

The U.S. Department of the Treasury today designated nine individuals and two entities in the Tri-Border Area of Argentin a, Brazil, and Paraguaythat have provided financial and logistical support to the Hizballah terrorist organization. Assad Ahmad Barakat's network in the Tri-Border Area is a major financial artery to Hizballah in Lebanon, said Adam Szubin, Director of the Office of Foreign Assets Control (OFAC). Today's action aims to disrupt this channel and to further unravel Barakat's financial network.

• Click here for more information on the Treasury Department's designation.