Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, EU, Financial Services

EU seizes €118M in Lebanon assets linked to embezzlement

By Alisha Houlihan for AMLi

Officials from France, Germany, and Luxembourg seized €120M of property and frozen assets as part of an operation related to money laundering in Lebanon.

Eurojust reports the operation took place on Friday, targeting five people suspected of embezzling €299M between 2002 and 2021.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!