Tikvah
Editors’ Pick

October 7, 2020

Hizballah’s Money Laundering Has Contaminated Lebanon’s Entire Financial System

A global criminal network.

According to a 2018 U.S. Treasury Department report, the Lebanese terrorist organization Hizballah receives an estimated $700 million annually from Iran, while raising another $300 million from a vast network of illegal businesses. Foremost among these is a money-laundering operation that provides its services to Latin American drug cartels, with nodes in West Africa, Europe, the U.S., and even East Asia. Tony Badran and Emanuele Ottolenghi explain:

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