Central bank freezes accounts of US-sanctioned individuals

Central bank freezes accounts of US-sanctioned individuals

Lebanon's central bank said Thursday it has frozen the accounts of a foreign exchange trader and his sons, after they were sanctioned by the U.S. this week over links to Hezbollah.

The central bank "took a decision to freeze all the accounts" of Hassan Moukalled as well as those of his sons Rayyan and Rani and two businesses that he owns, it said in a statement.