Lebanese banks have stepped up their methods of fighting money laundering and terrorism funding. (The Daily Star/Mohammad Azakir)
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The recent U.S. measures against Hezbollah will not dramatically affect its financial capabilities since most of the transactions are not conducted through banks and financial institutions, experts said Friday.The U.S. House of Representatives Wednesday unanimously passed a bill to tighten financial sanctions against Hezbollah. The expert stressed that Hezbollah realize that Lebanese banks and legitimate financial companies have no choice but to fully comply with the U.S measures.All of the experts and economists interviewed by The Daily Star said that Lebanon has to wait for the exact details of the decision by the U.S. Congress.They added that Hezbollah and other groups would not be able to deposit money in any bank through a third party.
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