David Daoud. Iraq has issued a circular to banks to comply with U.S. sanctions against Hezbollah financiers and pro-Syrian politicians. However, David Daoud argues this measure is largely symbolic, as it does not touch powerful local militias like Kata'ib Hezbollah. Furthermore, Iraqi religious shrines continue to provide financial support to Hezbollahthrough various media and charitable branches, allowing Iraq to remain a significant financial channel. (15)
1994