Beirut Bank Seen As A Hub Of Hezbollah’s Financing -- New York Times
BEIRUT, Lebanon — Last February, the Obama administration accused one of Lebanon’s famously secretive banks of laundering money for an international cocaine ring with ties to the Shiite militant group Hezbollah.
Now, in the wake of the bank’s exposure and arranged sale, its ledgers have been opened to reveal deeper secrets: a glimpse at the clandestine methods that Hezbollah — a terrorist organization in American eyes that has evolved into Lebanon’s pre-eminent military and political power — uses to finance its operations. The books offer evidence of an intricate global money-laundering apparatus that, with the bank as its hub, appeared to let Hezbollah move huge sums of money into the legitimate financial system, despite sanctions aimed at cutting off its economic lifeblood.
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More News On Allegations That Hezbollah Is Involved In The Cocaine/Money Laundering Trade
Hezbollah Allegedly Helps Cartels Launder Coke Money -- Danger Room
US Charges Lebanese National With Ties to Hezbollah Financing -- Voice of America
Hezbollah's Alleged Ties To South American Cocaine Trade Detailed --
Bank ledgers reveal Hezbollah drug racket -- Sydney Morning Herald
Lebanese Drug Lord Charged in US: Links to Zetas and Hezbollah -- ABC News
NYT: Hezbollah used LCB to launder money -- Daily Star
Report: Lebanese bank laundered drug money -- UPI
Hizbollah accused of being funded by drug traffickers -- The National
New insights into the sources of Hezbollah's money -- Jo Becker, The Hindu