Hizbollah Funding Could Jeopardize Iran’s Access To Financial Markets

Iran is trying to project a new post-sanctions image by promising to tighten measures against money laundering and terrorist financing. But its chief regional ally-cum-proxy, Lebanese paramilitary movement Hizbollah, is not sticking to the script.

The movement’s leader Hasan Nasrallah told a political rally on 24 June that Hizbollah “is totally dependent on Iran for funds for its budget, salaries, arms and rockets.”

He claims that the US law passed last December banning banking transactions with Hizbollah, even if applied scrupulously by all Lebanese banks, “will not hurt or affect us… [given that] Hizbollah does not have commercial projects or investment institutions which require banking services.” (CONTINUED - 1172 WORDS)