US Treasury re-designates Hezbollah, sanctions 10 for Iran IRGC-QF cash network

INTELLIGENCE SUMMARY

NEW: The U.S. Treasury is re-designating Hezbollah for acting on behalf of Iran’s IRGC-QF and sanctioning 10 people accused of moving cash for the group. Treasury says the network used commercial flights between Lebanon, Turkey, the UAE and Iran to move hundreds of millions of dollars outside the formal banking system.