2 thoughts on “The Amazingly Complex Scheme Involving The Lebanese Canadian Bank”
In what way…in the sense that the US is going to start isolating financial institutions in Lebanon now that Hezbollah has a greater, “official” role in government? The way I see it is that if the US decides to push in this direction any financial institution in Lebanon would be fair game for isolation/OFAC blacklisting as it would nearly impossible for a financial institution in Lebanon to not have some sort of dealings with an organization the US deems a threat. If it happens this way I fear for the possible outcome and fallout.
Let me see if I understand this. A Lebanese businessman sends $ to the USA to buy merchandise which is then shipped to another country and sold at a profit then he transfers the money back to Lebanon where he lives and banks. He does this again and again. Every Lebanese know someone in “import/export”. The Port of Beirut is one of the busiest in the region and the Banks are booming. It’s like shooting fish in a bucket! We’re doomed!
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In what way…in the sense that the US is going to start isolating financial institutions in Lebanon now that Hezbollah has a greater, “official” role in government? The way I see it is that if the US decides to push in this direction any financial institution in Lebanon would be fair game for isolation/OFAC blacklisting as it would nearly impossible for a financial institution in Lebanon to not have some sort of dealings with an organization the US deems a threat. If it happens this way I fear for the possible outcome and fallout.
Let me see if I understand this. A Lebanese businessman sends $ to the USA to buy merchandise which is then shipped to another country and sold at a profit then he transfers the money back to Lebanon where he lives and banks. He does this again and again. Every Lebanese know someone in “import/export”. The Port of Beirut is one of the busiest in the region and the Banks are booming. It’s like shooting fish in a bucket! We’re doomed!