Round 10 : TFTC designates additional Lebanese Hizballah financial entities

Today, the TFTC member states announced a joint designation of two key components of Hizballah’s financial infrastructure: Jood SARL, a gold exchange company operating under the supervision of Al-Qard Al-Hassan (AQAH), and Mohamed Nayef Maged, a senior AQAH official and co-owner and managing partner of Jood SARL. This action builds on the TFTC’s June 30 designation of Hizballah-linked financial institutions, front companies, and senior officials.