The US is using all avenues of pursuit – including the money trail – in its investigation and surveillance of the Iranian-backed terror organization.
The US Treasury Department is sanctioning two Lebanese men suspected of laundering money for the Iran-backed Hezbollah terrorist group.
The department targeted Mohamad Noureddine and Hamdi Zaher for providing financial services to Hezbollah, which the US has designated as a terrorist organization. Thursday’s action freezes any assets they have under US jurisdiction and prohibits US citizens from doing business with them.
The US has sanctioned more than 100 individuals and entities associated with Hezbollah.
Treasury claims Noureddine has laundered money through his company called Trade Point International S.A.R.L. He is accused of using his network across Asia, Europe, and the Middle East to provide money laundering, bulk cash shipment, black market currency exchange and other financial services to clients, including members of Hezbollah.
“The United States will continue to aggressively target Hezbollah for its terrorist activities worldwide as well as its ongoing support to Assad’s ruthless military campaign in Syria,” Adam J. Szubin, Acting Under Secretary for Terrorism and Financial Intelligence, stated in July. “We will pursue all of Hezbollah’s revenue sources, whether charitable fundraising, criminal proceeds, or state sponsorship.”
By: AP and United with Israel Staff
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