The US Treasury Department sanctioned the Al-Qard Al-Hasan Association in 2016; however, this was largely ineffective.

Hundreds of Beirut residents fled their homes late on Sunday after Israel said it was preparing attacks on sites linked to the financial operations of Hezbollah and told people to leave those areas of Lebanon's capital immediately.

BEIRUT — Israel’s military announced Sunday it is now taking aim at the Lebanon-based Hezbollah’s financial arm and will attack a “large number of targets” in Beirut and

Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.

By Maayan Lubell and Maya Gebeily JERUSALEM/BEIRUT (Reuters) -Israeli strikes pummelled Beirut's southern suburbs on Saturday as Lebanese armed group Hezbollah fired salvos of rockets at northern Israel,

The Israeli Defense Forces is expected to conduct airstrikes in Lebanon targeting financial institutions linked to the Iran-backed militant group Hezbollah.

Israel’s military said it plans to launch a wave of air strikes across Lebanon, which it said would target Hizbollah-affiliated financial institutions as it prepared to dramatically widen its offensive against the militant group.

BEIRUT/CAIRO (Reuters) -Hundreds of Beirut residents fled their homes late on Sunday after Israel said it was preparing attacks on sites linked to the financial operations of Lebanon's Hezbollah group and told people to leave those areas immediately.