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The bank, subject to US sanctions, closes its doors
SOURCE: Beirut – Ghinwa is orphaned
The central bank of Lebanon has taken the necessary steps to maintain confidence in the banking system in Lebanon.
Shariah depositors will be able to recover their money once it is transferred to other banks.
"We chose," she says.
Mahasin, a journalist specializing in economic affairs, talks about what will happen to the money of non-guilty depositors.
It belongs to a Shiite businessman accused by the US Treasury of providing financial services to institutions belonging to Hezbollah. The bank denied the charges in a statement.
The Bank Association has denied rumors that other banks were on the FOCA list.
In 2011, the Lebanese Canadian Bank was on the sanctions list. The Bank of Lebanon then demonstrated that it complies with US laws on the fight against the financing of terrorism.
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