A pro-Hezbollah demonstration held in Lebanon [EPA=Yonhap News file photo]

The Terrorist Financing Targeting Center (TFTC) member countries have imposed financial sanctions targeting the pro-Iranian militant group Hezbollah in Lebanon, the U.S. Department of the Treasury announced on the 30th (local time).

The TFTC is co-chaired by the United States and Saudi Arabia, with seven member nations including Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates (UAE).

According to the U.S. Treasury, the TFTC has taken joint designation measures against "several key elements" of Hezbollah's financial infrastructure, including five entities and 16 individuals.

The list includes Al-Qard al-Hassan (AQAH), Bayt al-Mal, and senior leaders of these organizations. AQAH is a Lebanon-based underground financial institution affiliated with Hezbollah, while Bayt al-Mal serves as Hezbollah’s unofficial treasury.

The Treasury stated, "The networks designated by the TFTC today threaten regional stability, international security, mutual interests, and global trade," adding, "By restricting Hezbollah's access to funds, TFTC member countries protect the integrity of the international financial system, support the Lebanese people, and counter terrorist networks."

The TFTC was established in May 2017 during the first term of President Donald Trump. This marks the ninth time the center has taken such action, and the third time under the second Trump administration.