Lebanon has revoked the operating license of Bank Saderat, an Iranian lender implicated in financing Hezbollah. Karim Souaid, the governor of Banque du Liban, Lebanon’s central bank, confirmed the...
The United Kingdom has put Hezbollah’s shadow bank in its crosshairs. On September 8, British Foreign Secretary Ed Miliband announced sanctions on “Lebanese Hezbollah’s financing arm, al-Qard al-Hassan...
Lebanon ordered Iran’s ambassador-designate out in March. Five months later, he remains in Beirut — with at least six more months of legal residence. Mohammad Reza Sheibani was rejected for political...
If President Trump has his way, the Third Lebanon War, which Hezbollah began by attacking Israel on October 8, 2023, will soon end. But even as the group’s most intense fight against Israel comes to...
On May 12, the United Arab Emirates’ official news agency, Emirates News Agency, announced that Abu Dhabi had designated 16 Lebanese nationals and five Lebanon-based entities to its terrorism...
Lebanon’s Central Bank (Banque Du Liban or BDL) issued a circular on July 15 that effectively banned Lebanese financial institutions from dealing with Al Qard Al Hassan (AQAH), Hezbollah’s de facto...
Strikes Intended to Prevent Rebuilding of Radwan Force: Israel bombed several facilities belonging to Hezbollah’s elite Radwan Force in the Beqaa region of Lebanon to prevent...
The downfall of Lebanon’s former central bank governor Riad Salameh is nearly complete. Earlier this month, Lebanese authorities arrested the former financial wunderkind on charges...
If Minister Joly is serious about opposing corruption in Lebanon, there's more Ottawa can do
The United States, in coordination with the United Kingdom and Canada, imposed sanctions today on former Lebanese Central Bank Governor Riad Salameh and three of his associates. Washington once considered...
The United States, UK, and Canada sanctioned the former governor of Lebanon’s central bank, Riad Salameh, for “corrupt and unlawful actions” on August 10 but stopped short of sanctioning the...
The chairman and ranking member of the House Foreign Affairs Committee sent a letter on Tuesday to Secretary of State Antony Blinken calling on the administration to “support independent, international...
After a year of political bickering among Lebanon’s sectarian chieftains, Hezbollah determined that the time had come for a new government to arise. By now, it should be clear to all observers that...
A Primary-Source Review
Its debt is massive, its political class corrupt, and terrorists call the shots
Anatomy of a Financial Collapse
Lebanon is unraveling. Last year’s massive public protests over the government’s failure to collect trash or provide other key services now seem like minor quibbles. The COVID-19 pandemic has...
Congress passed the first round of Hezbollah sanctions in late 2015. Known as the Hizballah International Financing Prevention Act (HIFPA), the bill targeted banks used by the group and its membe...
On Sunday night, a bomb detonated outside the Banque du Liban et d’Outre-Mer (BLOM), in the...