HOW HEZBOLLAH’S TERRORIST FINANCING ROOTS IN LATIN AMERICA GREW INTO THE DRUG WORLD

On 16th October, KYC 360 said that understanding why Hezbollah has deep roots in the drug trade requires a historical view of Lebanon.  It also requires knowing that Latin America has a large Lebanese community, involved in the free trade zones of Colon in Panama, the Tri-Border-Area (the region where the borders of Paraguay, Argentina and Brazil meet), Maicao in Colombia, and other strategic zones have been dominated by businessmen of Lebanese descent.  More than 10 million people of Lebanese descent that now call Latin America their current home (Shakira, for example, has Lebanese connections).  The article alleges connection between some Lebanese businessmen, Hizbollah and the drug trade from Venezuela, including via West Africa.

https://www.riskscreen.com/kyc360/news/how-hezbollahs-terrorist-financing-roots-grew-into-the-drug-world/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

US ACCUSES TURKEY’S HALKBANK OF SANCTIONS VIOLATIONS

On 15th October, USA Today and others reported that US Federal prosecutors in New York had charged a Turkish bank with money laundering and fraud in an alleged multi-billion dollar scheme to evade US sanctions on Iran, moving billions of dollars in Iranian oil and gas proceeds back to Iran, disguising some of the transactions as involving food, medicine and other humanitarian aid.  Mehmet Atilla, Halkbank’s former deputy general manager, was convicted last year in a New York federal court on charges in a related case.  Both are said to be linked to the case involving Reza Zarrab, a Turkish-Iranian millionaire who admitted bank fraud and conspiracy to evade sanctions, turned state witness and gave evidence against Mehmet Atilla.

https://www.usatoday.com/story/news/politics/2019/10/15/feds-charge-turkish-bank-iranian-sanction-scheme/3990508002/

http://rijock.blogspot.com/2019/10/us-charges-turkeys-halkbank-with.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y