The U.S. Treasury Department announced new sanctions on Thursday targeting Iranian entities and senior members of Hezbollah’s Al-Qard al-Hassan Foundation, a financial arm long accused of funding the group’s activities.

According to a statement, the Office of Foreign Assets Control (OFAC) imposed sanctions on seven senior officials and one entity linked to the Hezbollah-controlled Al-Qard al-Hassan (AQAH), which has been under U.S. sanctions since 2007.

“These individuals helped Hezbollah access the formal financial system and obscure its role in transactions, posing risks to global anti-money laundering efforts,” said Deputy Treasury Secretary Michael Falkender.

He added that the group’s attempt to rebuild its financial operations will be met with continued U.S. pressure.

The move follows earlier designations in 2021 and 2022 of key AQAH figures, including its executive director Adel Mansour and former leader Hussein al-Shami. The action was taken under Executive Order 13224, which targets terrorist groups and their financiers.

This latest round of sanctions comes as part of broader U.S. efforts to dismantle Hezbollah’s financial infrastructure and limit Iran’s access to global oil revenues.