Lebanese Banks Are Battling It On In A Difficult Environment

By Paul Cochrane in BeirutLebanon’s banks are at the frontline, both literally - the country borders war-ravaged Syria north and east - and as they negotiate to preserve or recover correspondent relationships in a de-risking environment.

Lebanon’s banks are at the frontline, both literally – the country borders war-ravaged Syria north and east – and as they negotiate to preserve or recover correspondent relationships in a de-risking environment.

One million Syrian refugees, in a population of nearly six million, and parliamentary representation of Hezbollah, a designated terrorist organisation in the US and EU, make the task no easier, finds Paul Cochrane, in Beirut.

(INS Video report for Money laundering Bulletin 2017 Lebanon De-risking)