RegAlert2024-10-23 | FIN-2024-Alert003Added · Updated
FinCEN Alert to Financial Institutions to Counter Financing of Hizballah and its Terrorist Activities (FIN-2024-Alert003)
FinCEN requests that financial institutions reference alert FIN-2024-Alert003 by including the key term IRANTF-2024-A001 in Suspicious Activity Report (SAR) field 2 and field 33(a), and include the term Hizballah in SAR field 33(z) if a link to the organization is known or suspected. The alert supplements information on Hizballah’s financing and urges institutions to remain vigilant in identifying suspicious activity related to the group's terrorist activities. It provides red flag indicators to help detect potential suspicious activity associated with Hizballah’s global revenue generation and money laundering schemes.
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- Hizballah (also spelled “Hezbollah”) was designated as an FTO on October 8, 1997, by the Secretary of State in accordance
with section 219 of the Immigration and Nationality Act (INA), as amended, and as a Specially Designated Global Terrorist (SDGT) pursuant to Executive Order (E.O.) 13224 on October 31, 2001. Individuals associated with Hizballah are designated under E.O. 13224. For more information about Hizballah, see Director of National Intelligence’s (DNI) National Counterterrorism Center (NCTC), “Counter Terrorism Guide: Lebanese Hizballah” (Sept. 2022). - See FinCEN, FIN-2024-A001, “FinCEN Advisory to Financial Institutions to Counter the Financing of Iran-Backed
Terrorist Organizations” (“May 2024 FinCEN Advisory”) (May 8, 2024), at pp. 9-10. - CRS Report, “Iran: Background and U.S. Policy” (updated Sept. 6, 2024), at p. 2; see also Department of Defense,
“General Says Centcom Area Facing ‘Volatile Security Situation’” (Mar. 7, 2024). - For more information about countering the financing of Hamas, see FinCEN “FinCEN Alert to Financial Institutions to
Counter Financing to Hamas and its Terrorist Activities” (Oct. 20, 2023). - See Department of Defense, “Readout of Secretary of Defense Lloyd J. Austin III’s Call With Israeli Minister of Defense
Yoav Gallant” (Aug. 25, 2024). - CRS Report, “Lebanese Hezbollah” (“May 2024 CRS Report”) (updated May 10, 2024), at pp. 1-2; see also CRS Insight,
“Israel, Iran, Hamas, and Lebanese Hizballah: Various Strikes Amid Regional Turmoil” (Aug. 26. 2024), at p. 2. - See The White House, “Statement from NSC Spokesperson Adrienne Watson on Rocket Attack on Majdal Shams”
(July 28, 2024); see also Department of Defense, “Readout of Secretary of Defense Lloyd J. Austin III’s Call With Israeli Minister of Defense Yoav Gallant” (July 31, 2024). - See Department of Defense, “Austin: Diplomacy Is Needed to Restore Calm on Israel-Lebanon Border” (June 25,
2024); see also White House, “Statement by Vice President Harris on the Death of Hassan Nasrallah” (Sept. 28, 2024); Department of State, “Secretary Blinken’s Meeting with Israeli Minister of Strategic Affairs Dermer” (Sept. 26, 2024). FIN-2024-Alert003 October 23, 2024 FinCEN Alert to Financial Institutions to Counter Financing of Hizballah and its Terrorist Activities The Financial Crimes Enforcement Network (FinCEN) is issuing this alert to help financial institutions identify funding streams supporting the Iran-backed Lebanese militia and U.S.-designated Foreign Terrorist Organization (FTO) Lebanese Hizballah (Hizballah).1
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Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works