Tag Archive for money-laundering

| August 23, 2019
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REPORT: Trump and the battle to end Iran’s cash flow to Hezbollah

With Hezbollah’s annual budget of nearly $1 billion, the sanctions that the Trump administration issued this year against the Shite organization’s money men, as well as Iran, have caused such a devastating economic crisis it forced Nasrallah to declare “economic jihad” about six months ago.
– Since Hezbollah is the 2nd-largest employer in Lebanon, after the government, can Hezbollah’s funds be cut off without affecting the entire Lebanese economy?

By Yoav Limor

 

In a picture that could have been taken from a PR notice for the series “Narcos,” a man who knows the good life is sitting on a pile of dollar bills, a cigar in hand, looking like he’s enjoying himself. Continue Reading »

Category: Mid-East News | Tags: , , , , , , ,
| November 17, 2018
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Once laundering €1mil a week, Hezbollah found “a safe home in Germany”

With French authorities now prosecuting 15 members of the Hezbollah ‘criminal organization’ in Paris, the trial examines how Columbian narcotics money is being laundered in Germany to buy weapons for Syria, and possibly against Israel.

ByBENJAMIN WEINTHAL

 

Lax German illicit terror finance policies permitted the US and EU proscribed Lebanese terrorist organization Hezbollah to run a vast criminal enterprise to raise funds through a money laundering operation in Europe and South America. French prosecutors put fifteen members of the criminal organization on trial on Tuesday  in Paris.

According to three German media outlets–NDR, WDR and the Süddeutsche Zeitung–two of the accused men lived in the German state of North Rhine-Westphalia and  an additional two men charged  lived near the city-state of Bremen in northern Germany. Continue Reading »

Category: Israel News | Tags: , , ,
| November 2, 2015
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Israel invited to join int’l unit to combat terror financing & covert money-laundering

 

Joining the global task force gives Israel added credibility, acknowledging it’s a more secure place for investments, and will increase binational cooperation that Israel can expect from other countries.

By YONAH JEREMY BOB

 

The Justice Ministry on Monday announced that Israel has been selected to join an elite global task force for combating terror financing and money-laundering, with the force’s top officials currently visiting Israel.

Money – Photo: INGIMAGE/ASAP

Joining the group makes Israel viewed as an even more attractive and safe place for investments and increases the cooperation and legal assistance that Israel can expect from other countries, said the ministry. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , , , ,