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U.S. sanctions Lebanese businessman, his companies over Hezbollah links -Breaking

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© Reuters. FILEPHOTO: This is the United States Department of the Treasury, Washington, D.C., U.S.A, on August 30, 2020. REUTERS/Andrew Kelly

WASHINGTON, (Reuters) – The U.S. Treasury Department issued Thursday new Hezbollah-related sanctions. It designated Ahmad Jalal Reda Abdallah, a Lebanese financial facilitator and a businessman from Lebanon, as well as Ahmad Jalal Reda Abdallah, an Iranian-backed group’s financial facilitator.

Abdallah, his five associates, and eight of his companies in Lebanon were placed on the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctions list.

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