US sanctions Lebanon cash exchanger for alleged ties to Hezbollah

BEIRUT: The US Treasury mentioned on Tuesday it was putting sanctions on Lebanese cash exchanger Hassan Moukalled and his enterprise for alleged monetary ties to blacklisted group Hezbollah.
Its announcement mentioned Moukalled was a monetary adviser to Iranian-backed Hezbollah, which can be designated by the US, and carried out monetary transactions on its behalf that earned him a whole bunch of hundreds of {dollars}.
“At the moment, the Treasury Division is taking motion in opposition to a corrupt cash exchanger, whose monetary engineering actively helps and permits Hezbollah and its pursuits on the expense of the Lebanese individuals and economic system,” Treasury Below Secretary for Terrorism Brian E. Nelson mentioned.
A Treasury assertion mentioned Moukalled’s enterprise CTEX was licensed by Lebanon’s central financial institution. Neither Moukalled, Hezbollah’s media workplace nor the central financial institution instantly responded to Reuters’ requests for remark.
It additionally sanctioned Moukalled’s two sons, saying they had been concerned in the identical monetary dealings.
Moukalled usually seems on Lebanese tv channels as a monetary knowledgeable and has greater than 50,000 followers on Twitter, making him one of many uncommon public-facing figures sanctioned by Washington for monetary hyperlinks to Hezbollah.
Based in 1982 by Iran’s Revolutionary Guards and labeled by the US and different Western nations as a “terrorist group,” Hezbollah is a heavily-armed and politically highly effective faction.
The Treasury usually points sanctions in opposition to alleged members of Hezbollah’s monetary networks, most not too long ago in December.


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