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

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Reuters

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Treasury Department on Thursday issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed group’s financial facilitator, Ahmad Jalal Reda Abdallah, and his companies. Abdallah, five of his associates and eight of his companies in Lebanon and Iraq were sanctioned and added to the sanctions list of the U.S. Treasury Department’s Office of Foreign Assets Control, the department said. Abdallah is a Hezbollah official and an active member of its global financial network, according to the Treasury. He has supported H…

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