News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
31
o
Mount Lebanon
32
o
Metn
31
o
Keserwan
31
o
North
30
o
South
35
o
Bekaa
31
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Redbull TV Series
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
31
o
Mount Lebanon
32
o
Metn
31
o
Keserwan
31
o
North
30
o
South
35
o
Bekaa
31
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
LBCI taps into latest details on US sanctions against CTEX EXCHANGE Company
Lebanon Economy
2023-01-25 | 12:11
High views
Share
Share
2
min
LBCI taps into latest details on US sanctions against CTEX EXCHANGE Company
The CTEX EXCHANGE Company was aware that US sanctions might be imposed on it and its head, Hassan Mokalled as he was accused of having financial ties to Hezbollah and that he plays a significant role in allowing Hezbollah to continue exploiting and exacerbating Lebanon's economic crisis, according to the information that is currently available.
When Mokalled learned that he and his company were subject to sanctions as soon as he arrived in Geneva, he made the decision to leave immediately for Beirut, where he arrived on Wednesday night. He began discussions with the Banque du Liban to have the company issue a statement regarding the US sanctions.
The Banque du Liban has granted CETEX EXCHANGE a license. Its work includes performing gold and money shipping operations and money exchange operations.
In addition to not allowing for money transfers, the license also stipulates that any dollars it earns through money exchange operations may only be sold to the Banque du Liban, similar to other businesses based in Lebanon that are involved in money transfers.
According to sources in the company, gold and money shipping operations have not yet started, and the company intended to begin them in February.
Sources at CETEX EXCHANGE confirmed that the company's books are clean and that all the money it receives comes from known sources, reflecting the company's belief that the sanctions may be a political message.
Followers of this topic questioned on what grounds Banque du Liban authorized this business to conduct money exchanges and cash and gold shipping. Did the Central Bank oversee this business's operations, along with those of other money exchange companies, to ensure that money-laundering regulations were not violated?
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
US
Sanctions
Lebanon
Hezbollah
Next
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
0
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
0
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
0
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
0
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2023-07-14
Agha Restaurant, ZwZ, Dunkin', Malak al Tawouk, Freddy's, Znoud El Sett, Mon Maki A Moi, and McDonald's are soon opening at Beirut Airport
Lebanon News
2023-07-14
Agha Restaurant, ZwZ, Dunkin', Malak al Tawouk, Freddy's, Znoud El Sett, Mon Maki A Moi, and McDonald's are soon opening at Beirut Airport
0
Israel-Gaza War Updates
2024-04-02
Israeli strike on Gaza kills foreign aid workers
Israel-Gaza War Updates
2024-04-02
Israeli strike on Gaza kills foreign aid workers
0
Sports News
2023-07-08
African Cup of Nations: "Akwaba" mascot of the competition
Sports News
2023-07-08
African Cup of Nations: "Akwaba" mascot of the competition
0
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
02:55
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
Lebanon News
02:55
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
2
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
3
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
4
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
5
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
6
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
7
Lebanon News
03:12
Israeli drone strikes Douris plain in Baalbek: Driver injured
Lebanon News
03:12
Israeli drone strikes Douris plain in Baalbek: Driver injured
8
Lebanon News
02:34
Israeli strike hits Iaat plain in Baalbek: Thursday update
Lebanon News
02:34
Israeli strike hits Iaat plain in Baalbek: Thursday update
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More