❝ Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action to disrupt two key mechanisms Hizballah uses to sustain its economic stability: revenue generation in coordination with the Iranian regime and exploitation of Lebanon’s informal financial sector. OFAC today sanctioned gold exchange company Jood SARL, which operates under the supervision of Hizballah’s U.S.-designated Al-Qard Al-Hassan (AQAH), and converts Hizballah’s gold reserves into usable funds that sustain the terrorist group’s reconstitution. OFAC also sanctioned an international procurement and commodities shipping scheme orchestrated by Hizballah financiers operating from all over the region, including in Iran. ❞
Source: U.S. Department of the Treasury