Friday, January 27, 2012

Lebanese banks will abide by Syria sanctions

Lebanon's banking sector will abide by international sanctions against unrest-swept Syria, central bank governor Riad Salameh said on Tuesday. "Lebanese banks both at home and abroad... will not take any action, especially as concerns Syria, that could expose any of our banking partners or put them in a position whereby they have breached regulations in their countries," said Salameh.

Lebanon's government, which is dominated by Iranian-backed Hezbollah, has sidestepped taking a firm stand on the Syria crisis in what observers say is a bid to avoid potential sanctions or a spillover of the violence
Copyright � 2012, The Daily Star. All rights reserved.

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Source: http://www.albawaba.com/lebanese-banks-will-abide-syria-sanctions-salameh-410274

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