Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Iran is trying to project a new post-sanctions image by promising to tighten measures against money laundering and terrorist financing. But its chief regional ally-cum-proxy, Lebanese paramilitary movement Hizbollah, is not sticking to the script.
The movement’s leader Hasan Nasrallah told a political rally on 24 June that Hizbollah “is totally dependent on Iran for funds for its budget, salaries, arms and rockets.”
He claims that the US law passed last December banning banking transactions with Hizbollah, even if applied scrupulously by all Lebanese banks, “will not hurt or affect us… [given that] Hizbollah does not have commercial projects or investment institutions which require banking services.”
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE