WASHINGTON — The U.S. Treasury Department continues its busy year after striking another financial network tied to Hezbollah after blacklisting 16 individuals and companies that funneled more than $100 million to the Iranian-backed terrorist group.
Since 2020, the network has been led by Lebanese public investment official Alaa Hassan Hamieh, where family relatives’ companies spanned across Lebanon, Syria, Poland, Slovenia, Qatar, and Canada — using these shell companies to launder money and divert funds directly to the group.
Treasury Secretary Scott Bessent called Iran “the head of the snake” with Hezbollah being one of its deadliest extensions in global terror.
Alaa Hamieh ran the show through multiple companies and directed funds through her brother Muhammad Hasan Hamieh, while coordinating with Hezbollah finance operatives. The ownership of companies was shuffled amongst relatives to dodge scrutiny, but Alaa Hamieh remained in control the entire time.
While serving as a vice president of Lebanon’s Investment Development Authority, Hamieh steered millions of U.S. dollars from an Iraq-Lebanon trade deal that was meant for reconstruction efforts, but otherwise diverted to Hezbollah projects. The sanctioned financier of the group, Muhammad Al-Bazzal, was directly involved in the deal.
After a new board took over in late 2025, Hamied entered the shadows and set up a money exchange alongside Hamdan Ali Al Lakis, another Lebanese national.
While Al Lakis ran operations, Hamieh simply took profits while keeping his fingerprints off any paperwork.
All designated persons and entities now face full assets freezes in the United States and all U.S. persons are barred from any dealings with them. The move targets one of Hezbollah’s most active finance pipelines as the U.S. Treasury Department continues its pressure on international financial networks used to launder United States currency.
You can read the entire press conference, with the full list and designations as detailed in The U.S. Treasury’s March 20, 2026 announcement:
