HEZBOLLAH’S NARCO GANGS AND MONEY LAUNDERING SECRETS

Fascinating 20-minute video webcast from Al-Arabiya on 30th November on how Hizbollah (amongst others) uses the former Pablo Escobar-established Colombian drugs money laundering arrangements in Medellin to smuggle cocaine and launder its money.  Highlights links into South America (Iran used to use Venezuela).  It says the drugs were sent via Panama, Guatemala and Venezuela to the US.  How the DEA infiltrated the network, but then the US apparently played down the Iran links.  It claims the Hizbollah drugs trade was generating as much, or more, as it received from Iran.  It also touches upon Hizbollah and Al-Qaida-linked groups’ involvement in the drugs trade through West Africa, and the link in terms of the cash that was transported between West Africa and Lebanon, and how Hizbollah money was used to fund US used car dealerships to acquire and trade in cars to generate more “clean” money through West Africa.

http://english.alarabiya.net/en/webtv/reports/2018/11/30/Hezbollah-s-narco-gangs-and-money-laundering-secrets.html#

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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