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US Treasury sanctions 2 for laundering money for Hezbollah
Undeterred: Lebanese children examine the remains of Israeli army artillery shells along the Lebanese Israeli border in the southern village of Wazzani, Lebanon, Tuesday, Jan
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Undeterred: Lebanese children examine the remains of Israeli army artillery shells along the Lebanese Israeli border in the southern village of Wazzani, Lebanon, Tuesday, Jan. 5, 2016. The Lebanese militant group Hezbollah struck an Israeli armored patrol with a roadside bomb at the border on Monday and Israel responded by shelling the area, with no immediate word on casualties. (AP Photo/Mohammed Zaatari) (AP Photo/Mohammed Zaatari)
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span class="inline inline-center">Undeterred: Lebanese children examine the remains of Israeli army artillery shells along the Lebanese Israeli border in the southern village of Wazzani, Lebanon, Tuesday, Jan. 5, 2016. The Lebanese militant group Hezbollah struck an Israeli armored patrol with a roadside bomb at the border on Monday and Israel responded by shelling the area, with no immediate word on casualties. (AP Photo/Mohammed Zaatari)
The U.S. Treasury Department is sanctioning two Lebanese men suspected of laundering money for the Iran-backed Hezbollah militant group.
The department targeted Mohamad Noureddine and Hamdi Zaher for providing financial services to Hezbollah, which the U.S. has designated as a terrorist organization. Thursday's action freezes any assets they have under U.S. jurisdiction and prohibits U.S. citizens from doing business with them.
The U.S. 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. (ags)
