NEW YORK – The US Treasury Department on Tuesday listed two Lebanese exchange houses as institutions of “primary money laundering concern” for their work with Hezbollah, invoking Section 311 of the USA PATRIOT Act to effectively shut them out of the American economy.
HEZBOLLAH SUPPORTERS march through the streets of Beirut last year. Photo: Khalil Hassan/Reuters
In a declassified statement of their case, the US claims that the Rmeiti Exchange and Halawi Exchange have consistently complied in a scheme that comingles money from used car dealerships in the US and drugs from South America into significant funding for the Lebanese terrorist organization.