"Hezbollah needs individuals like Mohamad Noureddine and Hamdi Zaher El Dine to launder criminal proceeds for use in terrorism and political destabilization," Szubin stated. "We will continue to target this vulnerability, and expose and disrupt such enablers of terrorism wherever we find them."
Szubin explained that Noureddine transferred Hezbollah funds through his Lebanon-based company Trade Point International S.A.R.L. and employed El Dine.
All assets of the sanctioned individuals and entities that are located in the United States or in the possession or control of US persons are frozen, according to the press release. Moreover, US nationals are prohibited from engaging in transactions with them.
Hezbollah is a Lebanon-based Shia militant group that the US government has designated as a terrorist organization in 2001. The US Treasury Department has sanctioned more than 100 individuals and entities associated with the group.
