MARKET STRUCTURE · REGULATORY · COMPETITIVE · USA
US sanctions Lebanese gold firm Jood SARL
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The United States imposed sanctions blacklisting Lebanon-based gold firm Jood SARL for ties to Hezbollah and for converting the group's gold reserves into usable funds.
Why it matters
The US Treasury placed Jood SARL on a sanctions blacklist. The Treasury identified the company as helping convert Hezbollah’s gold reserves into usable funds. The Treasury stated Jood SARL operates under al-Qard al-Hassan (AQAH), an entity already subject to sanctions. Treasury Secretary Scott Bessent said Hezbollah is a threat and that Treasury will work to cut the group off from the global financial system. The announcement noted gold prices have reached record highs, surpassing $5,000 per ounce.
Implications · Who is affected · What to watch
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