Washington targets Hezbollah money laundering network through more sanctions

WASHINGTON, Jan 28 (KUNA) — US Department of Treasury targeted a two persons and an entity for their support to Hezbollah and money laundering for the group.
“The Treasury today targeted Hezbollah’s financial support network by designating Hezbollah-affiliated money launderers Mohammad Noureddine and Hamdi Zaher El Dine, as well as Trade Point International S.A.R.L, a company owned or controlled by Noureddine,” a statement from the Treasury department released Thursday said.
As a result of this action, “all assets of those designated today that are based in the United States or in the possession or control of US persons are frozen, and US persons are generally prohibited from engaging in transactions with them,” the statement added.
In total, the US has designated over 100 individuals and entities associated with Hezbollah. (end) yt.hb