US, Qatar crack down on Hezbollah finances

Qatar and the US have taken coordinated action against a major Hezbollah financial network based in the Gulf.

Ali Reda Hassan Al Banai, Ali Reda Al Qassabi Lari, and Abd Al Muayyid Al Banai, Abd Al Rahman Abd Al Nabi Shams, Yahya Mohammad Al Abd Al Mohsin, Majdi Fa’iz Al Ustadz and Sulaiman Al Banai were designated as Specially Designated Global Terrorists.

Qatar’s Al Dar Properties was proscribed for being controlled by Sulaiman Al Banai. The US designated Hezbollah as a terror group in 1997 and as an SDGT in 2001. The GCC followed suit in 2016.