Iraq Freezes Assets Linked to “Hezbollah” and the “Houthis”

Iraqi authorities have announced the freezing of movable and immovable funds belonging to Lebanon’s “Hezbollah” and Yemen’s “Houthi group,” pursuant to a decision issued by the Anti-Money Laundering and Counter-Terrorism Financing Office and published in the latest issue of the official Iraqi Gazette.

According to the decision, the measure is based on the Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015, and on Article 10(3) of the Regulation on Freezing Terrorists’ Funds, on the grounds of accusing the aforementioned entities of participating in the commission of a “terrorist act.”

The list included a number of organizations designated on Iraq’s terrorism lists, among them the “Islamic Group” and “Al-Qaeda,” in addition to “Hezbollah” and the “Houthis,” along with other entities cited in the official registry.

Authorities did not disclose further details regarding the nature of the frozen assets or the procedures accompanying the implementation of the decision.