12 Feb 2011
(MENAFN) The Lebanese Central Bank governor denied United States allegations that one of Lebanon’s local banks was engaged with illegal activities for Hezbollah including money laundering for smugglers, reported
The governor said that the central bank ensures that all commercial banks in Lebanon, whether they were operating nationally or internationally, were complying with all national and international regulations.
The commercial bank in question denied such allegations. A spokesperson said that the bank operates with total transparency and respect to standard financial regulations.
It is worth noting that the US Treasury Department claimed a primary money laundering concern of up to USD200 million a month for drug smuggling in Lebanon related to Hezbollah.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year