October 21, 2013
Several insurance companies have agreed to drop claims to $103 million in assets the U.S. seized from Lebanese Canadian Bank and others during an investigation into a money laundering and drug trafficking scheme tied to a terrorist group, according to documents filed in New York federal court Monday.
June 25, 2013
Lebanese Canadian Bank has agreed to pay $102 million to settle allegations that it participated in an international money laundering and drug trafficking scheme in connection with a terrorist group, prosecutors announced Tuesday.