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US sanctions network of Hezbollah businessman in Lebanon

The Treasury Department designated Ahmad Jalal Reda Abdallah and several of his associates and companies based in Lebanon and Iraq.
An exterior view of the building of the US Department of the Treasury is seen on March 27, 2020, in Washington, DC.

The Biden administration on Thursday imposed sanctions on an alleged financial facilitator for Hezbollah, a move aimed at exposing and disrupting the Lebanese militant group’s illicit sources of funding. 

The Treasury Department’s Office of Foreign Assets Control said in a statement that it designated Lebanese businessman Ahmad Jalal Reda Abdallah, along with five of his associates and eight of his companies in Lebanon and Iraq. 

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