Sanctioning a Hizballah Money Exchange Network

You are subscribed to Near East for U.S. Department of State. This information has recently been updated, and is now available. Sanctioning a Hizballah Money Exchange Network 01/24/2023 11:28 AM EST Ned Price, Department Spokesperson The United States is designating a financial network, spearheaded by Lebanese money exchanger Hassan Moukalled, that facilitates financial activities for Hizballah.  Moukalled has presented himself as an advocate for Lebanon's economic prosperity but instead has been helping Hizballah and himself to profit from Lebanon's economic crisis. In addition to Moukalled, the Department of the Treasury is designating CTEX Exchange, a purported money service business established by Moukalled in coordination with Hizballah to exploit the increased demand for currency exchange services in Lebanon and benefit Hizballah.  The United States is taking today's actions pursuant to counterterrorism sanctions authorities. Despite Moukalled's attempts to maintain a facade as a financial expert and economist, he is in fact an opportunistic businessman exploiting Lebanon's suffering population to financially support the Hizballah terrorist organization, and even help it secure weapons.  Today's action is another warning to those who provide support to terrorist groups that the United States will continue to pursue accountability for these actions. For more information on today's action, please see the Department of the Treasury's press release. Stay connected with the State Department: External links found in this content or on Department of State websites that go to other non-Department websites should not be construed as an endorsement of the views or privacy policies contained therein.    Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This email was sent to ignoble.experiment@arconati.us using GovDelivery Communications Cloud on behalf of: U.S. Department of State · 2201 C Street NW · Washington, DC 20520