US Sanctions Operatives Generating Revenue For Hezbollah And Exploiting Lebanon’s Cash Economy

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action Tuesday to disrupt two key mechanisms Hezbollah uses to sustain its economic stability: revenue generation in coordination with the Iranian regime and exploitation of Lebanon’s informal financial sector.  OFAC today sanctioned gold exchange company Jood SARL, which operates under the supervision of Hezbollah’s U.S.-designated Al-Qard Al-Hassan (AQAH), and converts Hezbollah's gold reserves into usable funds...