The UAB expressed banks’ readiness to comply with all U.S. measures to crack down on Hezbollah’s finances.
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Washington wants Lebanon and other countries to prohibit Hezbollah from dealing with all international currencies and not only the dollar, a banker revealed Tuesday.The banker added that the U.S side insisted that Lebanese and Arab banks should respond promptly, transparently and accurately to any request made by the American officials regarding terrorism financing.On the contrary, they did not have any negative remarks about the compliance of Lebanese banks with all U.S. and international laws to combat money laundering and terrorism financing," Fattouh said. He added that Lebanese and Arab banks are fully complying with all anti-money laundering and terrorism funding measures. They were very happy with the response of the Lebanese banks," Fattouh explained.He also ruled out the possibility of targeting any Lebanese banks in the future as in the case of the now-defunct Lebanese-Canadian Bank.
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