US targets Hezbollah-linked gold conversion channel in Lebanon

Al Jazeera
Al Jazeera 14h USA
The US Treasury added Lebanon-based gold exchange firm Jood SARL to its sanctions blacklist for allegedly helping convert Hezbollah’s gold reserves into spendable funds.
US targets Hezbollah-linked gold conversion channel in Lebanon
Why it matters
Any banks, traders, or logistics providers touching Jood SARL now face US secondary exposure, tightening compliance screening for Lebanon-linked precious-metals flows and related counterparties. The designation constrains Hezbollah’s ability to monetize gold holdings through formal channels, increasing reliance on higher-friction intermediaries and cash-based routes. Firms operating in or with Lebanon should expect faster de-risking by correspondent banks and higher KYC/AML documentation demands for gold and FX transactions tied to the country.
TOPICS

World & Politics Conflicts Finance & Banking Banking Regulation

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