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

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.

Israel’s military announced Sunday it will now take aim at the Lebanon-based Hezbollah’s financial arm and planned to attack a “large number of targets” in the coming hour