US seizes $150 m. from 'laundering' Lebanese bank

By REUTERS
August 21, 2012 02:06

NEW YORK - US authorities said on Monday that they had seized $150 million from a Lebanese bank suspected of being at the heart of international money-laundering schemes linked to Hezbollah.

In February 2011, the US Treasury department designated the Lebanese Canadian Bank as a "primary money-laundering concern." The privately owned bank was subsequently merged with the Lebanese subsidiary of Societe Generale.


Related Content

Breaking news
September 19, 2019
Blackouts spread across Bermuda as Hurricane Humberto gets closer

By REUTERS