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US Blacklists 2 Lebanese Hezbollah Money Launderers

  • VOA News

FILE - The U.S Treasury Building in Washington, DC

FILE - The U.S Treasury Building in Washington, DC

The United States Treasury blacklisted two Lebanese men Thursday, accusing them of laundering money for the Lebanese-based terror group Hezbollah.

The Treasury says Mohamad Noureddine and Hamdi Zaher El Dine used Noureddine's company, called Trade Point International, to launder money for Hezbollah and others already on the U.S. blacklist.

"Noureddine has utilized an extensive network across Asia, Europe, and the Middle East to provide money laundering, bulk cash shipment, black market currency exchange and other financial services for a variety of clients, including Hezbollah members," the Treasury said in a statement.

About 100 individuals and companies with ties to Hezbollah are on the U.S. Treasury's blacklist.

Their U.S. assets are frozen, and U.S. citizens are barred from doing business with them.