Salameh Says 100 Hizbullah-Related Bank Accounts Frozen
Central Bank Governor Riad Salameh said that one hundred bank accounts related to Hizbullah have been frozen in accordance with a U.S. law that threatens to sanction anyone who finances the group.
Salameh assured in a interview to CNBC on Wednesday that “the central bank is determined to maintain the country's financial stability, and make sure that the U.S. law is implemented.”
U.S. President Barack Obama signed the Hizbullah International Financing Prevention Act on Dec. 18.
Hizbullah, which has members in parliament and the cabinet, is considered a "terrorist organization" by the United States.
Many in Lebanon are worried that the U.S. legislation will have negative effects on the Lebanese banking sector, which is one of the most active industries in the country.
"Our priority is to keep Lebanon on the international financial map,” said Salameh.
Source: Naharnet
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