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You are here: Home / News / Hezbollah’s Financial Network Exposed: Non-Profit Facade Unveiled by Israeli Officials

Hezbollah’s Financial Network Exposed: Non-Profit Facade Unveiled by Israeli Officials

Dated: October 22, 2024

Israeli officials have revealed new intelligence regarding Hezbollah’s financial operations, claiming that the group generates funds for its activities under the guise of a non-profit organization. This revelation comes amid ongoing military operations aimed at neutralizing threats from Hezbollah and other militant groups in the region.

Key Takeaways

  • Hezbollah’s financial arm, Al-Qard Al-Hasan, is registered as a charitable non-profit in Lebanon.
  • The organization provides financial services to Lebanese civilians while funding Hezbollah’s operatives.
  • The Israeli Defense Forces (IDF) assert that Hezbollah’s financial activities violate international law.
  • Iran plays a significant role in funding Hezbollah through various means, including cash and gold transfers.

Hezbollah’s Financial Operations

In a recent briefing, IDF spokesperson Rear Adm. Daniel Hagari outlined how Hezbollah exploits Lebanon’s financial crisis to bolster its operations. Al-Qard Al-Hasan, the group’s financial arm, is described as a loan provider that masquerades as a charitable organization. This dual role allows Hezbollah to maintain a facade of legitimacy while funding its militant activities.

Hagari emphasized that Hezbollah’s financial network relies on two primary sources of income:

  1. Funding from the Iranian Regime: The Iranian Quds Force is reportedly transferring money to Hezbollah derived from Iranian oil sales in Syria.
  2. Local Contributions: Money collected from the Lebanese populace also supports the group’s operations.

Violations of International Law

According to Israeli officials, Hezbollah’s financial activities not only undermine the Lebanese economy but also violate international law. The influx of Iranian money is said to devalue the Lebanese pound, exacerbating the country’s ongoing economic crisis.

Hagari stated, "Hezbollah’s financial network is a direct threat to the stability of Lebanon. We are not at war with the Lebanese people; our conflict is with Hezbollah."

Military Response

In response to these revelations, the IDF has intensified its military operations against Hezbollah. Recent airstrikes targeted Al-Qard Al-Hasan facilities in Lebanon, aiming to disrupt the financial network that supports the group’s militant activities.

Hagari noted that Hezbollah has also established factories in Syria, Lebanon, Yemen, and Turkey to generate additional revenue for its operations. This expansion of their financial network poses a significant challenge to regional stability.

Conclusion

The exposure of Hezbollah’s financial operations under the guise of a non-profit organization raises serious concerns about the group’s influence in Lebanon and the broader region. As Israeli military operations continue, the implications of these findings could have lasting effects on both Hezbollah’s capabilities and the Lebanese economy.

Sources

  • Israeli official reveals new information about Hezbollah’s financial arm | Fox News, Fox News.
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