OFAC: Ex-Head of Central Bank of Lebanon Sanctioned

Posted 8/10/23

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated Riad Salameh, the former governor of Lebanon's central bank, and four of his close associates for corrupt and unlawful activities. Salameh allegedly used his position to funnel hundreds of millions of dollars through shell companies for personal enrichment, investing in European real estate.

The sanctions do not extend to the Banque du Liban (BdL) or its U.S. correspondent bank relationships.

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