U.S. sanctions Lebanon cash exchanger for alleged ties to Hezbollah By Reuters



BEIRUT (Reuters) -The U.S. Treasury stated 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 stated Moukalled was a monetary adviser to Iranian-backed Hezbollah, which can also be designated by the US, and carried out monetary transactions on its behalf that earned him lots of of 1000’s of {dollars}.

“In the present day, the Treasury Division is taking motion towards a corrupt cash exchanger, whose monetary engineering actively helps and allows Hezbollah and its pursuits on the expense of the Lebanese individuals and economic system,” Treasury Beneath Secretary for Terrorism Brian E. Nelson stated.

A Treasury assertion stated 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 recurrently seems on Lebanese tv channels as a monetary professional 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 recurrently points sanctions towards alleged members of Hezbollah’s monetary networks, most just lately in December.

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