Money Laundering, Terrorist Financing and Financial Crime
Thursday, December 22, 2022
IS YOUR NEW AFFLUENT LEBANESE CLIENT REALLY A HEZBOLLAH OFFICIAL?
Buried in a new study about Hezbollah's economic and social influence upon Lebanon is a note detailing the fact that agents of the Specially Designated Global Terrorist (SDGT) organisation withdrew an estimated $6bn in US currency from the Lebanese banking sector before major restrictions were implemented. This cash is in the hands ion leaders of the terrorist group, and in a foundation, which as as a de facto bank, in light of American pressures upon Lebanese banks to avoid the organisation, and lends out these Greenbacks as needed.
Are you a compliance officer at an EU bank with a number of recent affluent Lebanese "businessmen" as new clients, who deposited large amounts of US Dollars? have you positively verified Source of funds and Source of wealth? If not, you may now be one of Hezbollah's newest unwitting bankers. What is your client's address? Is it in one of the neighborhoods known to be where high-ranking Hezbollah officials reside?