i-law

Money Laundering Bulletin

Battling on - Lebanese banks [Video]

Lebanon’s banks are at the frontline, both literally - the country borders war-ravaged Syria north and east - and as they negotiate to preserve or recover correspondent relationships in a de-risking environment. One million Syrian refugees, in a population of nearly six million, and parliamentary representation of Hezbollah, a designated terrorist organisation in the US and EU, make the task no easier, finds Paul Cochrane, in Beirut.

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