Bankrupt Banker: Lebanese Bank Is Accused of Money Laundering

Lebanese Bank Is Accused of Money Laundering

<a href="http://www.amazon.com/Chasing-Dirty-Money-Anti-Money-ebook/dp/B002QHVG7Q?ie=UTF8&tag=cosdelcri-21&link_code=bil&camp=213689&creative=392969" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="Chasing Dirty Money: Progress on Anti-Money Laundering" src="http://ws.amazon.com/widgets/q?MarketPlace=US&ServiceVersion=20070822&ID=AsinImage&WS=1&Format=_SL160_&ASIN=B002QHVG7Q&tag=cosdelcri-21" /></a>Lebanese Bank Is Accused of Money Laundering <img alt="" border="0" height="1" src="http://www.assoc-amazon.com/e/ir?t=cosdelcri-21&l=bil&camp=213689&creative=392969&o=1&a=B002QHVG7Q" style="border: none !important; margin: 0px !important; padding: 0px !important;" width="1" />- NYTimes.com: "The United States accused one of Lebanon’s largest banks on Thursday of laundering hundreds of millions of dollars a month for a multinational drug trafficking organization with ties to Hezbollah. 
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The complaint against the Beirut-based Lebanese Canadian Bank was filed under a rarely used provision of the Patriot Act that allows the Treasury Department to publicly identify financial institutions considered “primary money laundering concerns” and then move to restrict their business dealings in the United States. 
 
The bank denied knowledge of any wrongdoing, saying in a statement that it would “fully cooperate and coordinate with the relevant regulatory authorities in an effort to demonstrate the integrity and transparency of its operations.”"

Lebanese Bank Is Accused of Money Laundering

Lebanese Bank Is Accused of Money Laundering - NYTimes.com: "The United States accused one of Lebanon’s largest banks on Thursday of la...