The Jerusalem Post on 17th November carried an article saying that “lax” German terror finance policies permitted Hezbollah to run a vast criminal enterprise to raise funds through a money laundering operation in Europe and South America.  French prosecutors have now put 15 members on trial in Paris.  According to German media outlets, 4 of the accused men lived in Germany, and are charged with laundering Columbian narcotics money via a complex finance evasion scheme with the aid of the Lebanese Diaspora.  Using a hawala system, the operation took proceeds from narcotics to Europe, where the money was laundered and collected, and then funnelled to Lebanon and back to Columbia.  It is alleged that the Lebanese network bought with cash jewellery and watches in value from roughly €10 euros in jewellery stores in Germany.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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