A Lebanese bank that laundered money from drugs and other operations for clients tied to Hezbollah terrorists agreed to pay US authorities $102 million to settle the charges.

Beirut-based Lebanese Canadian Bank was targeted in February 2011 for moving hundreds of millions of dollars for criminal groups and traffickers operating in Latin America, West Africa and the Middle East.

Some of the customers it served were closely linked to Hezbollah, one of the world’s most notorious Jihadist terrorist organizations.

Also fined yesterday was the Hassan Ayash Exchange Company, one of two money changers accused of working with the bank in the laundering schemes.

Hassan Ayash Exchange agreed to forfeit $720,000 for its role.

Our main question is why does the US allow banks and money changers funnel money to an enemy Jihadist terrorist organization without outright seizing officers of the bank and throwing them in Gitmo?

http://zeenews.india.com/news/world/us-fines-hezbollah-bank-usd-102-mn-for-laundering_857876.html

 

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!