U.S. Treasury sanctions announced on March 20, 2026, against Vancouver-based Seven Seas for International Trading and Logistics, a firm alleged to be part of a Hezbollah-linked network that funnelled over $100 million since 2020 through global companies including in Canada, Lebanon, and Qatar.
The sanctioned firm, Seven Seas for International Trading and Logistics, is alleged to be connected to individuals involved with Hezbollah’s finance operations.
The sanctioned entity, registered as 1380892 B.C. LTD, is described as the Canadian branch of operations run by Hezbollah financier Alaa Hamieh via associates like co-founder Raoof Fadel, focusing on money laundering often through auto sales to support the Iran-backed group’s activities.
Assets under U.S. jurisdiction are now frozen, and American entities are prohibited from conducting business with those sanctioned.
While U.S. assets are frozen and transactions prohibited, Canada has not imposed parallel sanctions, underscoring ongoing challenges in domestic enforcement despite FINTRAC alerts on Hezbollah’s cross-border transfers, with only rare prosecutions like a January 2026 Ontario case.
More developments expected.
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