US Cracks Down on Lebanese Currency Exchange for Ties to Hezbollah, Columbian Cartels

US. bills. Photo: Sgt. Sinthia Rosario/US Army.

JNS.org – The United States sanctioned on Thursday a Lebanese currency exchange and its owner for processing transactions for the terrorist group Hezbollah and for money-laundering on behalf of Colombian drug cartels.

The targeting of Chams Exchange and Kassem Chams comes as the United States seeks to stop Hezbollah in Lebanon.

“We are laser-focused on what’s going on in Lebanon,” said US Treasury Undersecretary for Terrorism and Financial Intelligence. “We will continue to have a heavy focus on any entity or organization that is moving money on behalf of Hezbollah.”

“We are urging Lebanese authorities to take action to strengthen their supervision measures and undertake public aggressive enforcement action to root out this kind of money laundering,” she added.

Chams denied the accusations to The Wall Street Journal.

“This is not right at all,” he said. “They absolutely are a mistake; this is a small shop.”

Politico bombshell in December 2017 exposed the network of money-laundering and other crimes done by Hezbollah for which the Obama administration let pass in order to reach the 2015 nuclear deal with Iran.

Visit the USSA News store!
Click this link for the original source of this article.
Author: JNS.org


This content is courtesy of, and owned and copyrighted by, https://www.algemeiner.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://www.algemeiner.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.