A leading Swiss banker told his Lebanese counterparts that the days of banking secrecy are over, urging the lenders to prepare their clients for this inevitable outcome. “The banks which attracted tax evaders can no longer continue in this pattern because the era of banking secrecy is over and an era of transparency has begun,” […]

On June 27, 2013 • In Canada, Drug trafficking, Hezbollah, Islamic Banking, Jihad, Jihadist Groups/Individuals, Lebanon, Money Laundering, Terror Funding A Lebanese bank that laundered money from drugs and other operations for clients tied to Hezbollah terrorists agreed to pay US authorities $102 million to settle the charges. Beirut-based Lebanese Canadian Bank was targeted in […]