US Sanctions BC Company for Hezbollah Funding

0:00It's March 23rd. This is Canada News today, AI-powered stories from your city. The U.S. Treasury Department has hit a British Columbia company with sanctions for its alleged role in fundraising for the Iran-backed group Hezbollah. Seven C's for international trading and logistics is part of a network of 16 companies and individuals tied to a key Hezbollah financier named Allah Hassan Hamayah. Its network, run by Hamayah, along with family and close associates, has reportedly raised more than $100 million to support Hezbollah. Activities. Officials call it a vital funding pipeline for the group. Hezbollah, founded in 1982, is labeled a terrorist organization by both the U.S. and Canada, where it's viewed as one of the world's most skilled such groups. The sanctions cut off seven C's from any U.S. business or transactions involving American entities. This shows Hamayah controls several firms used for procurement and money laundering, often

1:00masking ownership through relatives and partners. The company's Qatar-based founder, Rao Fadell, works on multiple projects with his Hezbollah finance team. These measures aim to disrupt the flow of funds, and while seven C's has not commented, the Treasury says targeting this network strikes at Hezbollah's core support structure.