Argentina freezes Hezbollah assets, brands group terrorist organization

Argentina freezes Hezbollah assets, brands group terrorist organization
  • Clock-gray 18:24
  • calendar-gray 18 July 2019

Argentinian authorities ordered the freezing of Hezbollah assets in the country on Thursday and effectively designated the Lebanese Islamist group, which it blames for two attacks on its soil, a terrorist organization, APA reports citing Reuters. 

The announcement coincided with a visit by U.S. Secretary of State Mike Pompeo as Argentina marks the 25th anniversary of the deadly bombing of a Jewish community center in Buenos Aires in which 85 people died. Argentina blames Iran and Hezbollah for the attack. Both deny any responsibility. Argentina also blames Hezbollah for an attack on the Israeli embassy in Buenos Aires in 1992 that killed 29 people.

Argentina’s financial information unit ordered the freezing of assets of members of Hezbollah and the organization a day after the country created a new list for people and entities linked to terrorism. “At present, Hezbollah continues to represent a current threat to security and the integrity of the economic and financial order of the Argentine Republic,” the unit said in a statement.

The freezing of assets automatically places Hezbollah on Argentina’s registry, designating it a terrorist organization, a government source with direct knowledge of the action confirmed. The designation is the first by any country in Latin America. U.S. and Argentine officials say Hezbollah operates in what is known as the tri-border area of Argentina, Brazil and Paraguay, where an illicit economy funds its operations elsewhere.

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