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US sanctions Lebanese businessman, his companies over Hezbollah links
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WASHINGTON, 20 May 2022, (TON): The US Treasury Department issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed group’s financial facilitator, Ahmad Jalal Reda Abdallah, and his companies.
The department said “Abdallah, five of his associates and eight of his companies in Lebanon and Iraq were sanctioned and added to the sanctions list of the US Treasury Department’s Office of Foreign Assets Control.”
According to the Treasury “Abdallah is a Hezbollah official and an active member of its global financial network.”
The department said “he has supported Hezbollah for decades, carrying out commercial activities in various countries where the profits are transferred to the Iran-backed group.”
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