Bank accused of laundering drug money for Hezbollah

posted by
February 10, 2011
Posted in News

"The Treasury Department on Thursday blacklisted one of the largest banks in Lebanon, accusing it of being part of what one official calls a 'mind-boggling' international criminal enterprise that is laundering hundreds of  millions of dollar in illegal drug money every year for the benefit of Hezbollah. The action, which was announced Thursday by Undersecretary of Treasury Stuart Levey, is the latest development in a four-year investigation that officials say has uncovered links between one of Colombia’s biggest drug traffickers, top leaders of Hezbollah and the Iranian government." (02/10/11)  

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