EU TERRORISM REPORT POINTS FINGERS AT LEBANESE MONEY LAUNDERERS FUNDING HEZBOLLAH

EU TERRORISM REPORT POINTS FINGERS AT LEBANESE MONEY LAUNDERERS FUNDING HEZBOLLAH

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The publication of Europol's European Union Terrorism Situation and Trend Report 2018  has focused attention upon*, among other issues, the actions of Lebanese money launderers performing illicit services for European organized crime groups, and then using the income they derive from those activities to deliver financial support to Hezbollah, which is a Specially Designated Global Terrorist (SDGT) organization in the US, and also sanctioned in the EU. 

Readers who wish to review the complete text of the 70-page Report may access it here.   See Page 11.

Chronicles of Monte Friesner - Financial Crime Analyst  

Contributed by Kenneth Rijock - Financial Crime Consultant