Featured Lebanon

U.S. Blacklists Lebanese Companies, Individuals With Alleged Ties to Hezbollah

The Trump administration’s blacklisting Wednesday of several Lebanese individuals and companies for allegedly helping Iran-backed Hezbollah highlights Washington’s strategy to counter a U.S.-designated terror group. The Treasury Department blacklisted three officials and 11 entities linked to the Lebanon branch of the Martyrs Foundation, a group the U.S. designated in 2007… Read More

US lawmakers introduce bill requiring sanctions against Lebanese officials

Democratic Sen. Jeanne Shaheen and Republican Sen. Ted Cruz on Monday introduced legislation requiring “biting” sanctions against Lebanese officials who have been involved in what they call the “unlawful detention and abuse” of U.S. citizens. The Zero Tolerance Act is being filed in response to the Lebanese government’s months-long holding… Read More

Paying Off Van Gogh and Fu Fu: Inside the Airbus Bribery Web

Airbus SE has long since disbanded the so-called strategy and marketing unit at the center of its record $4 billion bribery settlement, but for years it had quite a heyday. According to documents filed by U.S. prosecutors on Friday, the 150-person team used its $300 million annual budget… Read More
17th January 2020
Lebanon’s central bank has asked banks to review transfers of funds abroad by politicians and government employees between Oct. 17 and Dec. 31, when anti-government protests led banks to enforce informal capital controls that blocked such transfers. The move appeared to be a step towards probing movements of money out… Read More
2nd January 2020
Carlos Ghosn’s escape to Lebanon from Japan followed months of planning by associates aimed at getting the former head of the Renault-Nissan alliance to a country they believed would provide a more friendly legal environment to try the claims of financial wrongdoing against him, according to people familiar with… Read More
16th December 2019
The Treasury Department announced sanctions Friday against a diamond dealer who the government said has used an art gallery in Beirut, Lebanon, and an extensive personal collection, sprinkled with names like Pablo Picasso and Andy Warhol, to shelter and launder money. American officials described the diamond dealer, Nazem Said Ahmad,… Read More
19th November 2019
AP — Lebanon’s bank staff union announced Monday it’s ending a week-long strike after increased security and new regulations that officially limited withdrawal and dollar transfers. The union said banks will reopen Tuesday. Banks have been at the center of anti-government protests, as demonstrators accused them… Read More
17th October 2019
Understanding why Hezbollah has deep roots in the drug trade requires a historical view of Lebanon. Read More
7th October 2019
AP — The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s… Read More
20th September 2019
Lebanon’s Jammal Trust Bank has been forced to wind itself down after being hit last month by U.S. sanctions for allegedly helping to fund the Iran-backed Hezbollah movement, the bank said on Thursday. The central bank said the value of the bank’s assets, and its share of the national deposit… Read More
11th September 2019
The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More
2nd September 2019
Lebanon said it will investigate Jammal Trust Bank SAL after the U.S. blacklisted the lender for allegedly facilitating banking for the Iran-backed Hezbollah movement. The central bank is to monitor the bank’s operations and look to see if it has violated the law, Governor Riad Salameh said in an… Read More
30th August 2019
The United States on Thursday sanctioned Lebanon-based Jammal Trust Bank SAL and its subsidiaries for allegedly facilitating the financial activities of Hezbollah, according to the Treasury Department, which said the bank funnels money to the families of suicide bombers. The United States is determined to cut off support in Lebanon… Read More