BREAKING NEWS

US treasury dept: Lebanese bank giving funds to Hizbullah

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.
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