On 16 July 2019 Argentina became the first country in Latin America to officially designate Hezbollah a terrorist organization. On August 9, Paraguay also officially recognized Hezbollah as a terror organization.
The Financial Intelligence Unit of Argentina froze the assets of 14 individuals belonging to the Barakat Clan, a Lebanese crime family with ties to Hezbollah. One of the conduits for these Hezbollah money launderers was a casino in the city of Iguazú on the Argentine side of the Tri-Border Area (TBA).
The U.S. Treasury Department, through its Office of Terrorism and Financial Intelligence, has sanctioned more than 50 Hezbollah-related persons or entities since 2017 as part of a larger effort at dismantling Hezbollah's global financial network.
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