USA v. Lebanese Canadian Bank Sal, et al.

Hizballah

[SDNY] A civil complaint filed by the U.S. Attorney in the Southern District of New York alleges a large scale, international scheme in which Lebanese financial institutions, including a bank and two exchange houses linked to Hizballah, used the U.S. financial system to launder narcotics trafficking and other criminal proceeds through West Africa and back into Lebanon. The lawsuit seeks more than $480 million dollars from entities including Lebanese financial institutions that facilitated the Hizballah-linked money laundering scheme.

See also: US v. Joumaa

Related Topics: Civil suits, Terror Financing