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US sanctions Hezbollah financial adviser in Lebanon

The US Treasury has imposed sanctions on Lebanese economist Hassan Moukalled, his two sons and his money-exchange business.
An exterior view of the building of US Department of the Treasury is seen on March 27, 2020 in Washington, DC. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

WASHINGTON — The Biden administration on Tuesday designated a Lebanon-based network accused of facilitating financial activities for Hezbollah and helping the militant group profit from the country’s economic meltdown.

The man at the center of the network is Hassan Moukalled, a Lebanese money exchanger and economist who the US Treasury Department said “plays a key role in enabling Hezbollah to continue to exploit and exacerbate Lebanon’s economic crisis.”

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