When Lebanon's bankers turned to DLA Piper and Patton Boggs for help last year, they hoped the lobbying powerhouses could burnish the image of a $127 billion industry tainted by allegations of money laundering for terrorists and drug dealers. Instead, two Lebanese financial institutions last week were hit with U.S. Treasury Department sanctions, each designated as a "primary money laundering concern" for purportedly aiding Hezbollah.
Banks Seek Reputation Repair
The National Law Journal
April 29, 2013
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