
Analysis: US Treasury sanctions Hezbollah front designed to insulate terror group’s gold reserves
Earlier this week, the US Treasury Department sanctioned Jood SARL, a gold exchange recently established in Lebanon, declaring it a front for the US-sanctioned Hezbollah financial institution Al Qard al Hassan (AQAH). For years, AQAH has acted as Hezbollah’s shadow bank, using its legal status as a charitable institution to elude banking regulations, oversight, and compliance. However, based on corporate records, it appears that Treasury did not designate some of Jood SARL’s shareholders and managers.



