UK designates entire Hezbollah 'terrorist group,' freezes its assets

CAIRO - 17 January 2020: Her Majesty's Treasury, the UK department of treasury, designated on Friday the Iran-backed Shiite organization of Hezbollah under the Terrorist Asset-Freezing etc. Act 2010 (TAFA).

As per the HM Treasury

statement

, the entire group comes under this act and freezing assets of the entire organization came into force on Thursday, January 16 2020.

HM Treasury has designated the entire organisation of Hizballah under the Terrorist Asset-Freezing Act 2010. This asset freeze aligns with the decision made last year by the Chancellor - when Home Secretary – to proscribe the entire organisationhttps://t.co/CcdituHV03

— HM Treasury (@hmtreasury) January 17, 2020

The military wing of Hezbollah was previously subjected to financial sanctions imposed by Council Regulation (EC) No 2580/2001.