Daniel L. Glaser, the Assistant Secretary for the Department of the Treasury of the US meets with Minister Ali Hasan Khalil in Beirut, Thursday, May 26, 2016. (The Daily Star/Mohammad Azakir)
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As a senior U.S. official discusses the implications of American law targeting Hezbollah's finances with Lebanese officials, the Special Investigation Commission issued a decision Thursday prohibiting banks from freezing any account without the prior approval of the financial authorities.The SIC stressed that banks can freeze the accounts and transactions of individuals and companies that are blacklisted by the U.S. authorities.The circular was issued as Daniel L. Glaser, U.S. assistant secretary for the Department of the Treasury, held talks with Lebanese officials and bankers to underline the importance of implementing the U.S. Act on Hezbollah's finances and to listen to the comments of the government and Central Bank.A source close to Hezbollah claims that some banks have unjustifiably frozen and rejected accounts of some social and medical institutions that are not even listed in the U.S. Treasury circular.
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