Lebanon banks banned from dealing with Hezbollah’s financial networks

Lebanon’s banks have been banned from dealing with financial networks linked to Hezbollah, according to a report. The Hezbollah-affiliated institutions include Al-Qard Al-Hasan Association, which has been providing compensation to residents affected by the latest war with Israel. Others are Tashilat SARL, Yousser Company and Bayt al-Mal. The decision, made by Lebanon’s Central Bank, comes as Hezbollah, once a formidable militia and influential political party in Lebanon, is weakened significantly by months of conflict with Israel that destroyed much of its leadership and arsenal.