US sanctions 3 individuals, 3 entities allegedly linked to Hezbollah

By Al Mayadeen English
Source: Agencies
24 Jan 2023 18:15
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The US sanctions three Lebanese nationals and entities for allegedly supporting the Lebanese Resistance party, Hezbollah.

US Treasury Department

The United States has introduced sanctions against three Lebanese nationals and three entities over their alleged links to Hezbollah, the US Treasury Department announced on Tuesday.

The Department said the latest sanctions target Hassan Moukalled and his sons, Rani Moukalled and Rayyan Moukalled.

It added that the sanctioned entities include CTEX Exchange, the Lebanese Company for Information and Studies Sarl, and the Lebanese Company for Publishing, Media, and Research, which are owned or controlled by Hassan Moukalled.

"As corruption undermines economic growth and the ability of individuals to provide for their families, the United States is committed to holding accountable those who exploit their privileged positions for personal gain,” said Brian Nelson, the Under Secretary of the Treasury for Terrorism and Financial Intelligence.

Nelson claimed that "the Treasury Department is taking action against a corrupt money exchanger, whose financial engineering actively supports and enables Hizballah and its interests at the expense of the Lebanese people and economy."

The US Treasury said, "Hassan Moukalled is being designated for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Hizballah."

Early last month, the Treasury Department confirmed that the US has imposed sanctions on three individuals and two entities in Lebanon over the alleged involvement in providing financial services and procuring weapons for Hezbollah.

The sanctions targeted Adel Mohamad Mansour and Naser Hasan Neser, along with Al-Khobara for Accounting, Auditing, and Studies and Auditors for Accounting and Auditing, as reported by Sputnik.

The Office of Foreign Assets Control (OFAC) also sanctioned Hassan Khalil for allegedly "actively working to procure weapons" on behalf of Hezbollah, Sputnik revealed.