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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Lebanon Bank association to meet over Hezbollah sanctions by US

    Lobo
    Lobo
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    Lebanon Bank association to meet over Hezbollah sanctions by US Empty Lebanon Bank association to meet over Hezbollah sanctions by US

    Post by Lobo Sat 14 May 2016, 7:12 pm

    Lebanon Bank association to meet over Hezbollah sanctions by US
    May 14, 2016 by yalibnan
    Lebanon Bank association to meet over Hezbollah sanctions by US Lebanon-banking-association-e1463239246657
    The Association of Banks in Lebanon (ABL) will hold a special meeting on Saturday to discuss the U.S. Treasury law that sanctions Lebanese banks that deal with Hezbollah.
    The meeting will be chaired by the ABL chief Joseph Tarabay and comes after Hezbollah‘s parliamentary bloc criticized the central bank for saying it would abide by a U.S. law that came into effect last month and which the party’s lawmakers said violates Lebanon’s sovereignty.
    The bloc said Thursday that U.S. sanctions on banks that knowingly do business with Hezbollah could threaten Lebanon’s financial sector, hinting that supporters may withdraw their money from local banks.
    The statement came after a cabinet meeting Thursday in which officials discussed a decision by banks to cancel the accounts of at least two Hezbollah lawmakers, reports said.
    Lebanon’s al Jamhouriyet newspaper identified the 2 Hezbollah MPs whose accounts were canceled as Ali Fayad and Nawwar al Sahili. In addition the account of former MP Amin Sharri’s daughter was also canceled
    The decision drew concerns of some cabinet members that the law could affect Hezbollah’s large network of social, educational and health organizations, which regularly deal with the government and provide services to needy Lebanese, not just supporters.
    Lebanon’s central bank governor Riad Salameh has said that Lebanon will abide by the restrictions in the Hezbollah International Financing Prevention Act, which was signed into law last December.


    The U.S. regulations say Washington will target those “knowingly facilitating a significant transaction or transactions for” Hezbollah or any individual, business or institution linked to the group.

    http://yalibnan.com/2016/05/14/lebanon-bank-association-to-meet-over-hezbollah-sanctions-by-us/

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