Lebanon risks facing Gulf Arab sanctions over Hizballah – Hariri
13th November 2017
Lebanon risks facing Gulf Arab sanctions over Hizballah – Hariri
Radio Free Europe, Radio Liberty ad Hariri, who resigned as Lebanon’s prime minister last week, says his country faces the risk of sanctions being imposed by Gulf Arab nations because of the Iran-backed Hizballah movement’s activities in Lebanon. Hariri made the comments in a television interview from Saudi Arabia on… Read More
Terrorism financing methods: an overview
31st January 2017
Terrorism financing methods: an overview
How do terrorists move money? This article examines six of the most widely used methods: cash couriers, informal transfer systems (e.g. hawala), money service businesses, formal banking, false trade invoicing, and high value commodities. Read More
U.S. government sanctions Hezbollah operatives, fundraisers
21st October 2016
U.S. government sanctions Hezbollah operatives, fundraisers
The U.S. Treasury moved to disrupt the fundraising and operation of the Iranian-backed Hezbollah group on Thursday, imposing sanctions on four operatives and a firm that have assisted the organization, long seen as a terrorist outfit by Washington. In a related action, the U.S. State Department sanctioned Hezbollah commander Haytham… Read More
Lebanon: Hizbullah Group Arrested in Laundering Cocaine Money Through Miami Banks
13th October 2016
Lebanon: Hizbullah Group Arrested in Laundering Cocaine Money Through Miami Banks
Three associates of Hizbullah party suspected of laundering cocaine money for the Colombian cartel have been busted after agents said they illegally moved $500,000 into Miami banks through a series of complicated financial transactions stretching from Australia to Europe, the Miami Herald reported. Mohammed Ahmad Ammar, 31, is… Read More
Lebanon: Salameh: For regulations prone to combat terror, money laundering
23rd September 2016
Lebanon: Salameh: For regulations prone to combat terror, money laundering
NNA – Central Bank Governor, Riad Salameh, called for implementing international standards and issuing required regulations so as to combat money laundering and terror funding in the region. Salameh’s words came Friday in the 40th session of the Council of Arab Banks Governers, which took place in Rabat. Salameh was… Read More
Why US sanctions on Lebanese banks won’t damage Hizbollah
11th July 2016
Why US sanctions on Lebanese banks won’t damage Hizbollah
Hassan Nasrallah, the leader of Hizbollah, has mocked United States sanctions targeting funding for his group. In a speech broadcast by Al Manar, the Shiite party’s television station in Lebanon, Mr Nasrallah said the sanctions would have no effect. He said: “We do not have any business projects or… Read More
Lebanon is suffering from the burden of global sanctions
20th June 2016
Lebanon is suffering from the burden of global sanctions
After the bomb attack that hit the headquarters of Blom Bank in Beirut this month, US financial sanctions against Hizbollah are threatening to pose an internal problem for Lebanon. “For those who are not aware, most of the sanctions were initially directed against American banks that accept financial transactions… Read More
Hezbollah moving ‘tons of cocaine’ in Latin America, Europe to finance terror operations
9th June 2016
Hezbollah moving ‘tons of cocaine’ in Latin America, Europe to finance terror operations
Hezbollah’s terrorism finance operations are thriving across Latin America months after the Drug Enforcement Administration linked the Iran-backed Lebanese militant group to drug cartels in the region, U.S. lawmakers were told Wednesday. Read More
Lebanese banks accepting Hezbollah MP’s salaries will face US sanctions
20th April 2016
Lebanese banks accepting Hezbollah MP’s salaries will face US sanctions
Washington wants Lebanon and other countries to prohibit Hezbollah from dealing with all international currencies and not only the dollar, a banker revealed Tuesday. Read More
Lebanon: Central Bank bans prepaid cards
12th April 2016
Lebanon: Central Bank bans prepaid cards
BEIRUT: The Central Bank has banned the issuance and use of prepaid cards in Lebanon in a move to tighten anti-money laundering and terrorism-funding measures. The decision was taken by the Central Bank Council on March 23 and said these types of cards can be used in money laundering and terrorism funding operations. Read More
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