Lebanon’s Central Bank Bans Transactions with Hezbollah Financial

Lebanon Bans Hezbollah’s Bank From Financial System

Lebanon’s central bank has finally taken decisive action to sever ties with Hezbollah’s bank, Al-Qard Al-Hassan, by banning all financial institutions from doing business with the terror-linked entity. The directive, issued Monday, prohibits “all licensed financial institutions in Lebanon from dealing directly or indirectly with unlicensed entities,” specifically naming Al-Qard Al-Hassan, according to Reuters. Al-Qard Al-Hassan masquerades as a …

Lebanon’s central bank bans dealings with Hezbollah's financial institution

The decision follows rising pressure from the U.S. and global financial watchdogs urging Lebanon to take concrete action against Hezbollah’s parallel financial networks

Bad News for Terrorists: Lebanon Bans Banks From Dealing With Hezbollah 'Charitable Organization'

Lebanon's central bank has barred financial institutions from any direct or indirect dealings with Al-Qard Al-Hassan, the financial arm of the Iran-backed terrorist group Hezbollah, according to reports Tuesday.The post Bad News for Terrorists: Lebanon Bans Banks From Dealing With Hezbollah 'Charitable Organization' appeared first on .

Lebanon’s central bank bans transactions with Hezbollah financial

BEIRUT: Karim Souaid, the governor of Lebanon’s central bank, on Tuesday banned banks and other organizations from doing business with Al-Qard Al-Hassan, a financial institution affiliated with Hezbollah. Seen as a major step by the Lebanese state, the move coincided with the launch by the Israeli army of more than 10 surprise raids on targets in western and eastern mountain

Lebanon's central bank bans interactions with Hezbollah-affiliated bank

Al-Qard Al-Hassan, which was founded in 1983, describes itself as a charitable organization which provides loans to people according to Islamic principles that forbid interest