Lebanon bank freezes funds of US-sanctioned individuals ...Kuwait

News by : (The New Arab) -
Lebanon's central bank said on Thursday it has frozen the accounts of a foreign exchange trader and his sons, after the US sanctioned them this week over links to Hezbollah. The central bank "took a decision to freeze all the accounts" of Hassan Moukalled as well as those of his sons Rayyan and Rani and two businesses that he owns, it said in a statement. The US Treasury had issued the sanctions on Tuesday, calling Moukalled "a corrupt money exchanger whose financial engineering actively enables" Hezbollah and its interests. Moukalled, who presents himself as a finance expert, often appears on Lebanese television. The US Treasury said he serves as a financial adviser

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