The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Thursday sanctions on seven senior officials and one entity associated with the Hezbollah-controlled financial institution Al-Qard Al-Hassan.

The U.S. Treasury said the seven officials have served in senior management roles for Al-Qard Al-Hassan and have facilitated the evasion of U.S. sanctions, enabling Hezbollah’s access to the formal financial system. "Today’s action underscores Treasury’s commitment to disrupting Hezbollah’s sanctions evasion schemes and supporting efforts by the new Lebanese government to limit the terrorist group’s influence, particularly as entities like AQAH continue to undermine the already fragile Lebanese economy," the U.S. Department of the Treasury said.