Friday, June 28, 2013

Lebanese Canadian Bank to Pay $102 Million in Hizballah Laundering Case

06/28/2013

The Beirut-based Lebanese Canadian Bank ("LCB") will pay $102 million as part of a settlement reached this week with federal prosecutors. The LCB was accused in a December 2011 complaint of funneling money to the Lebanese terrorist group Hizballah as part of a global money-laundering scheme.

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