1. Dear Drugs-Forum readers: We are a small non-profit that runs one of the most read drug information & addiction help websites in the world. We serve over 4 million readers per month, and have costs like all popular websites: servers, hosting, licenses and software. To protect our independence we do not run ads. We take no government funds. We run on donations which average $25. If everyone reading this would donate $5 then this fund raiser would be done in an hour. If Drugs-Forum is useful to you, take one minute to keep it online another year by donating whatever you can today. Donations are currently not sufficient to pay our bills and keep the site up. Your help is most welcome. Thank you.
    PLEASE HELP
  1. MikePatton
    AP0BEI105-Main-2011-11-21T12-19-56.143Z497663_wa.jpg
    White House says Hezbollah conducts itself like 'drug cartel'; Two Lebanese money exchange firms blacklisted after laundering funds for Shiite group
    Published: 04.25.13, 01:51


    WASHINGTON – The White House blasted the Hezbollah, saying it was running itself like a "drug cartel," and blacklisted two Lebanese firms for allegedly laundering money through the US financial system to transfer funds to the Shiites.

    "Hezbollah is operating like a major drug cartel," said Derek Maltz, a special agent with the US Drug Enforcement Administration. He added that the Shiite group's "proceeds are funding violence against Americans."


    Maltz also announced that the US Treasury had blacklisted two Lebanese money exchange firms for moving millions of dollars to Hezbollah through the US, citing "primary money laundering concerns."


    According to Maltz, Haitham Rmeiti, "a key facilitator for wiring money and transferring Hezbollah funds," moved nearly $30 million to the Hezbollah via the US, using his company, Kassem Rmeiti & Co. for Exchange, to do so.


    The second firm, Halawi Exchange Co., has transferred over $220 million to the militant organization.

    These recent announcements by the American administration reflect the Treasury's efforts to stop the Hezbollah's access to funding run through the US.

    In 2011, the United States blacklisted the Lebanese Canadian Bank, after it was revealed that the financial institution was involved in a scheme to launder profits from narcotics dealing and other criminal activities.

    http://www.ynetnews.com/articles/0,7340,L-4372194,00.html

Comments

To make a comment simply sign up and become a member!