The Justice Department charged a Hezbollah financier and eight others with evading sanctions and laundering almost $160 million, in some cases through artwork and diamonds.
Hezbollah financier Nazem Ahmad was charged with evading sanctions by the Justice Department for allegedly illegally obtaining artwork.The Justice Department on Tuesday charged a Hezbollah financier and eight others with evading sanctions and laundering almost $160 million, in some cases through artwork and diamonds.
Ahmad was also an associate of high-level members of Hezbollah, a Lebanon-based terrorist group that was designated by the United States as a Foreign Terrorist Organization and Specially Designated Global Terrorist, the Justice Department said. He was also sanctioned by the Treasury Department in 2019, barring him from doing any business in the United States.
"Ahmad and his network used a complex web of unlawful business entities to buy valuable artwork and secure U.S. based diamond grading service all while hiding their involvement in and benefit from these activities to the tune of approximately $160 million, while also providing the terrorist organization Hizballah access to U.S. and international financial markets," Deputy Secretary of Homeland Security John Tien told reporters.
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