BEIRUT, Sept. 26 (Xinhua) -- The Association of Banks in Lebanon denied on Saturday some media reports that accused Lebanese banks of facilitating money laundering for Hezbollah, LBCI local TV channel reported.
"It is important for the association to emphasize that this news is totally fabricated and lacks any basis for validity and credibility. Lebanese banks adhere to all the rules of compliance, transparency while combating money laundering in Lebanon and abroad, with recognition from international and regional authorities specialized in this field," the association said.
The association noted that such misleading allegations have a very bad impact on the reputation of the Lebanese banking sector and this serves the interests of countries that are hostile to Lebanon and seek influence in this part of the world. Enditem
