HR 8445

The Hezbollah Money Laundering Prevention Act of 2020 aims to combat money laundering activities linked to Hezbollah, a Lebanese militant group and political organization. The bill directs the Treasury Department to identify and potentially restrict financial transactions involving Lebanon and specific areas in Latin America, like the tri-border region. It also authorizes the President to impose sanctions on foreign political figures and individuals supporting Hezbollah and to target foreign persons engaged in transactions with the group in Latin American countries. The legislation relies on existing authorities like the Global Magnitsky Human Rights Accountability Act.