News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Sawa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
LBCI taps into latest details on US sanctions against CTEX EXCHANGE Company
Lebanon Economy
2023-01-25 | 12:11
High views
Share
Share
2
min
LBCI taps into latest details on US sanctions against CTEX EXCHANGE Company
The CTEX EXCHANGE Company was aware that US sanctions might be imposed on it and its head, Hassan Mokalled as he was accused of having financial ties to Hezbollah and that he plays a significant role in allowing Hezbollah to continue exploiting and exacerbating Lebanon's economic crisis, according to the information that is currently available.
When Mokalled learned that he and his company were subject to sanctions as soon as he arrived in Geneva, he made the decision to leave immediately for Beirut, where he arrived on Wednesday night. He began discussions with the Banque du Liban to have the company issue a statement regarding the US sanctions.
The Banque du Liban has granted CETEX EXCHANGE a license. Its work includes performing gold and money shipping operations and money exchange operations.
In addition to not allowing for money transfers, the license also stipulates that any dollars it earns through money exchange operations may only be sold to the Banque du Liban, similar to other businesses based in Lebanon that are involved in money transfers.
According to sources in the company, gold and money shipping operations have not yet started, and the company intended to begin them in February.
Sources at CETEX EXCHANGE confirmed that the company's books are clean and that all the money it receives comes from known sources, reflecting the company's belief that the sanctions may be a political message.
Followers of this topic questioned on what grounds Banque du Liban authorized this business to conduct money exchanges and cash and gold shipping. Did the Central Bank oversee this business's operations, along with those of other money exchange companies, to ensure that money-laundering regulations were not violated?
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
US
Sanctions
Lebanon
Hezbollah
Next
Fuel prices decrease across Lebanon
Recommended For You
d-none hideMe
0
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
0
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
0
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
0
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-07-27
Stay tuned for Miss Lebanon 2024 pageant at 8:30 PM, broadcast live on LBCI and available for streaming on the website https://www.lbcgroup.tv/live/ar
Lebanon News
2024-07-27
Stay tuned for Miss Lebanon 2024 pageant at 8:30 PM, broadcast live on LBCI and available for streaming on the website https://www.lbcgroup.tv/live/ar
0
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
0
Lebanon News
2024-08-26
Israeli airstrikes hit multiple towns across southern Lebanon
Lebanon News
2024-08-26
Israeli airstrikes hit multiple towns across southern Lebanon
0
World News
2024-07-19
Biden begins to accept he may have to drop out of race: sources tell New York Times
World News
2024-07-19
Biden begins to accept he may have to drop out of race: sources tell New York Times
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More