Lebanon's Central Bank Freezes Accounts of Foreign Trade Exchanger

A view of Lebanon's Central Bank building in Beirut, Lebanon (File photo: Reuters)

Lebanon's Central Bank froze the accounts of foreign trade exchanger Hassan Moukalled and his two sons, Rayan and Rani, two days after the United States imposed sanctions on them.

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Moukalled, his sons, and his money service business, CTEX Exchange, to facilitate Hezbollah's financial activities.