US treasury dept: Lebanese bank giving funds to Hizbullah

By ASSOCIATED PRESS
February 10, 2011 18:08




WASHINGTON — The US Treasury Department and the Drug Enforcement Administration said Thursday that a Lebanese bank has been laundering hundreds of millions of dollars in drug money for a drug trafficking group with ties to Hizbullah.

The agencies said that Lebanese Canadian Bank SAL has been designated a "primary money laundering concern" for allegedly helping launder up to $200 million a month for a Lebanese-based drug smuggling group they said is run by drug kingpin Ayman Joumaa.


Related Content

Breaking news
January 20, 2018
Joint List chairman reiterates that his party will boycott Pence's speech

By JPOST.COM STAFF

Israel Weather
  • 6 - 17
    Beer Sheva
    9 - 18
    Tel Aviv - Yafo
  • 6 - 12
    Jerusalem
    8 - 16
    Haifa
  • 11 - 22
    Elat
    9 - 19
    Tiberias