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WorldPosted at: Sep 17 2020 9:39PM


US Sanctions 2 companies, 1 individual linked to Lebanon's Hezbollah - Treasury

Washington, Sep 17 (Sputnik) - The United States has imposed sanctions on two companies and an individual in Lebanon over their alleged links to leadership of Hezbollah, the US Department of the Treasury said in a press release on Thursday.
"Today, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Lebanon-based companies, Arch Consulting and Meamar Construction, for being owned, controlled, or directed by Hezbollah. Additionally, OFAC designated Sultan Khalifah As’ad, a Hezbollah Executive Council official, who is closely associated with both companies," the release said.
The Treasury Department said Hezbollah leverages Arch and Meamar to conceal money transfers to its own accounts, further enriching Hezbollah’s leadership and supporters, and depriving the Lebanese people of much needed funds.
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Tags: #US Sanctions 2 companies# 1 individual linked to Lebanon's Hezbollah - Treasury
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