UK expands Hezbollah asset freeze, targets entire organization

UK expands Hezbollah asset freeze, targets entire organization

Monitoring Desk

LONDON: Britain’s Treasury said on Friday it designated the entire Lebanese Hezbollah organization as a terrorist group under its Terrorism and Terrorist Financing rules, and as such its assets will be frozen.

Previously it was only Hezbollah’s military wing which was subject to asset freezing under UK government rules.

Hezbollah, a heavily armed group designated as a terrorist organization by the United States, was established in 1982 by Iran’s Islamic Revolutionary Guard Corps and is an important part of a regional Tehran-led alliance known as “the axis of resistance.” (Reuters)

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