February 10, 2011 STRATFOR:
The U.S. Department of the Treasury announced Feb. 10 the identification of the Lebanese Canadian Bank SAL together with its subsidiaries (LCB) as a financial institution of primary money laundering concern. It was identified as such due to its role in facilitating the money laundering activities of an international narcotics trafficking and money laundering network that moves illegal drugs from South America to Europe and the Middle East via West Africa. It also launders hundreds of millions of dollars monthly through accounts held at LCB and exposes the militant organization Hezbollah’s links to LCB and the international narcotics trafficking and money laundering network.
This confirms what I have thought for a long time.