Maritime And Aviation Risks Addressed By New International Working Groups

On October 15, 2019, the U.S. Department of the Treasury convened the first meeting of the Counter-Hizballah International Partnership (“CHIP”) with the goal of building multilateral cooperation to target and dismantle global financial networks used by Hizballah to fund its agenda. Over 30 countries participated in the meeting, which took place during the World Bank and International Monetary Fund Fall Meetings.

The CHIP program seeks to establish better channels of information sharing between financial intelligence units, strengthen terrorist financing risk assessments, develop targeted financial sanctions regimes, and prosecute terrorists and their financial facilitators on an international level. The program further aims to leverage all available financial tools against Hizballah.