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August 21, 2012       Share:    

Source: http://blogs.wsj.com/corruption-currents/2012/08/20/u-s-seizes-150-million-in-alleged-hezbollah-linked-cash/

U.S. Seizes Hizbullah-Linked Cash

(Wall Street Journal) Samuel Rubenfeld - U.S. officials said Monday they seized $150 million from a New York correspondent account of Lebanon's Banque Libano Francaise SAL, or BLF. They said entities linked to Hizbullah used the U.S. financial system to launder money through West Africa and back to the group's base in Lebanon.

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