Canadian Bank Named as Financial Agent for Hizbollah.
BEIRUT: The U.S. Treasury Department
has designated two Lebanese money exchange firms as a ‘primary money
laundering concern’ alleging the groups may be laundering millions of
dollars of narcotics profits and funneling the money to Hezbollah,
according to a press release issued Tuesday.
Ayman Joumaa operating in South America moved the proceeds of his drug trade through Kassem Rmeiti & Co. For Exchange and Halawi Exchange Co. companies in Lebanon after the U.S. government added the Lebanese Canadian bank to a blacklist for its operations with Hezbollah. More Here.