The Treasury Department named the two companies as Arch Consulting and Meamar Construction
The US Treasury Department announced that it was slapping sanctions against two Lebanese-based companies for their alleged links to Islamist terrorist organization Hezbollah, Reuters reported on Thursday.
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The two businesses blacklisted by the department were named as Arch Consulting and Meamar Construction, and build on sanctions already imposed this month on two former government ministers, according to the outlet.
In addition, sanctions were also levied against Sultan Khalifah As’ad, who the Treasury Department believes is a senior Hezbollah Executive Council official with ties to the two companies.
“The United States remains committed to targeting Hezbollah and its supporters as they corruptly abuse Lebanese resources to enrich their leaders while the Lebanese people suffer from inadequate services,” Treasury Secretary Steven Mnuchin said in the statement.
Arch Consulting and Meamar Construction are accused of helping conceal the Lebanese terror group's finances while enriching members at the top of the organization's leadership. Read more at i24