A bill to impose certain measures with respect to Hizballah-dominated areas in Lebanon and to impose sanctions with respect to senior foreign political figures in Lebanon supporting Hizballah.
Hizballah Money Laundering Prevention Act of 2021
This bill establishes measures to deter money laundering by Hizballah in Lebanon.
Specifically, the Department of the Treasury must prohibit or place conditions on the opening or maintaining of certain correspondent or payable-through accounts by the Central Bank of Syria if Treasury determines that certain jurisdictions in Lebanon are jurisdictions of primary money laundering concern.
Further, the President must sanction certain senior foreign political figures or foreign persons that the President determines have knowingly provided material support to or engaged in a significant transaction with Hizballah.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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