(Foundation for Defense of Democracies) Matthew Zweig - The EU's reluctance to fully designate Hizbullah as a terrorist organization may no longer matter; it may now in practice be forced to. In October 2018, U.S. President Donald Trump signed into law the Hizballah International Financing Prevention Amendments Act (HIFPAA), which imposes secondary sanctions on the organization's Foreign Relations Department (FRD). Secondary sanctions require the administration to sanction "any foreign person that the President determines knowingly provides significant financial, material, or technological support for or to" the FRD. This means that any European individual or company that rents facilities to, provides banking services for, or any other action that aides a person or entity that is designated as FRD could face U.S. sanctions. The writer, a former senior professional staff member for the House Foreign Affairs Committee, is a senior fellow at FDD.
2019-02-27 00:00:00Full ArticleBACK Visit the Daily Alert Archive