News
Latest News
news bulletin
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Other News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Beirut
9
o
Mount Lebanon
9
o
Metn
9
o
Keserwan
9
o
North
13
o
South
6
o
Bekaa
5
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Zahrat Al Thalouth 2
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
9
o
Mount Lebanon
9
o
Metn
9
o
Keserwan
9
o
North
13
o
South
6
o
Bekaa
5
o
News
Programs
The News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Programs
Series
Talk Show
News Bulletin
Oldies
Variety
Comedy
Other
Sports
Documentaries
The Untold History
New Year Shows
Lebanon’s Centennial
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
US Treasury sanctions financial expert Hassan Moukalled
Lebanon News
2023-01-24 | 10:53
High views
Share
Share
2
min
US Treasury sanctions financial expert Hassan Moukalled
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated several individuals and associated entities for facilitating financial activities for Hizballah. At the center of this network is Lebanese money exchanger and so-called financial expert Hassan Moukalled.
According to OFAC, Moukalled has played a key role in enabling Hizballah to continue to exploit and exacerbate Lebanon’s economic crisis.
Treasury has also designated CTEX Exchange, a money service business owned by Hassan Moukalled, in addition to Hassan Moukalled’s sons, Rayyan Moukalled and Rani Moukalled, who facilitate Hassan Moukalled and his company’s financial activities in support of Hizballah.
According to OFAC as of mid-2021, Hassan Moukalled established on behalf of Hizballah CTEX as a financial front company in Beirut.
Senior Hizballah financial official Muhammad Qasir and his deputy Muhammad Qasim al-Bazzal were reportedly behind the establishment of CTEX.
"In mid-2021, Hassan Moukalled received a license from Lebanon’s central bank for CTEX to transfer money within Lebanon and abroad, and within a year the company had obtained significant market share within Lebanon’s currency transfer sector and was reportedly collecting millions of U.S. dollars for the Central Bank of Lebanon," the OFAC statement added.
OFAC added that CTEX was also providing US dollars to Hizballah institutions and recruiting money changers loyal to Hizballah.
The US Treasury considered that Hassan Moukalled has advocated for CTEX directly to the central bank governor and receives commissions in the hundreds of thousands of dollars daily.
"As Lebanon and its economy faced a dire and ongoing financial crisis in mid-2022, Hassan Moukalled was working with Hizballah officials to capitalize on investors’ and expatriates’ efforts to make money in the Lebanese financial sector and transfer cash out of Lebanon," the statement added.
Breaking Headlines
Lebanon News
Hezbollah
Department of Treasury
OFAC
United States
Lebanon
Sanctions
Next
US urges Lebanon to complete swift investigation into Beirut blast
Judge Bitar breaks prevailing pattern, returns to investigation
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2023-01-31
Regional power plan for Lebanon held up over Syria sanctions: France's Duquesne
Lebanon Economy
2023-01-31
Regional power plan for Lebanon held up over Syria sanctions: France's Duquesne
0
World
2023-01-28
US sanctions Paraguay’s former President for corruption, ties with Hezbollah
World
2023-01-28
US sanctions Paraguay’s former President for corruption, ties with Hezbollah
0
Press Highlights
2022-12-15
Details of Qatari initiative in Lebanon and Hezbollah stance
Press Highlights
2022-12-15
Details of Qatari initiative in Lebanon and Hezbollah stance
0
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
Recommended For You
d-none hideMe
0
Lebanon News
12:17
Rescuers save four Lebanese from under rubble in Turkey
Lebanon News
12:17
Rescuers save four Lebanese from under rubble in Turkey
0
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
0
News Bulletin Reports
11:26
Positive political steps can curb soaring exchange rate
News Bulletin Reports
11:26
Positive political steps can curb soaring exchange rate
0
News Bulletin Reports
10:18
Concerns grow as Lebanese banks go on strike
News Bulletin Reports
10:18
Concerns grow as Lebanese banks go on strike
Subscribe to our newsletter
Join millions of followers
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
10:00
Lawsuits are only way to recover money: European Observatory
Lebanon News
10:00
Lawsuits are only way to recover money: European Observatory
0
Lebanon News
2023-02-06
MP reveals Lebanese victims in Turkey earthquake
Lebanon News
2023-02-06
MP reveals Lebanese victims in Turkey earthquake
0
Variety
2023-02-02
Netflix to include more EVs in its TV shows and movies as part of new partnership with GM
Variety
2023-02-02
Netflix to include more EVs in its TV shows and movies as part of new partnership with GM
0
Lebanon News
12:17
Rescuers save four Lebanese from under rubble in Turkey
Lebanon News
12:17
Rescuers save four Lebanese from under rubble in Turkey
Videos
d-none hideMe
0
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
0
Lebanon News
2023-01-25
Beirut blast investigations: The latest
Lebanon News
2023-01-25
Beirut blast investigations: The latest
0
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
0
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
0
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
0
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
0
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
0
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
0
Lebanon News
2022-12-07
Lebanon expects four hours of electricity production by January
Lebanon News
2022-12-07
Lebanon expects four hours of electricity production by January
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
06:57
Here are the major earthquakes that shaped Lebanon's history
News Bulletin Reports
06:57
Here are the major earthquakes that shaped Lebanon's history
2
News Bulletin Reports
10:18
Concerns grow as Lebanese banks go on strike
News Bulletin Reports
10:18
Concerns grow as Lebanese banks go on strike
3
Lebanon Economy
02:24
Significant fluctuation in dollar exchange rate halts pricing in dollars at supermarkets
Lebanon Economy
02:24
Significant fluctuation in dollar exchange rate halts pricing in dollars at supermarkets
4
Lebanon News
05:33
Lebanon opens up airports, ports for aid to Syria
Lebanon News
05:33
Lebanon opens up airports, ports for aid to Syria
5
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
Lebanon News
11:53
Children at risk as Lebanon rejects civil marriages: report
6
News Bulletin Reports
11:26
Positive political steps can curb soaring exchange rate
News Bulletin Reports
11:26
Positive political steps can curb soaring exchange rate
7
Middle East
09:32
Iraq revalues currency to 1300 IQD per USD - cabinet statement
Middle East
09:32
Iraq revalues currency to 1300 IQD per USD - cabinet statement
8
Lebanon Economy
03:02
Price of gasoline drops slightly
Lebanon Economy
03:02
Price of gasoline drops slightly
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store