Assistant Secretary of the Treasury for Terrorist Financing Daniel Glaser visited Lebanon on May 26-27 to discuss combating illicit finance. During the visit, Assistant Secretary Glaser met with President of the Chamber of Deputies Nabih Berri, President of the Council of Ministers Tamam Salam, Minister of Finance Ali Hassan Khalil, former Prime Minister, MP Saad Hariri, Central Bank Governor Riad Salameh, Special Investigation Commission (SIC) Secretary Abdel Hafiz Mansour, the Association of Banks of Lebanon (ABL), and security officials.
In his meetings, Assistant Secretary Glaser encouraged Lebanese authorities and financial institutions to continue their efforts to combat the threat of illicit finance and prevent attempts to evade U.S. and international financial sanctions. On the subject of the recently implemented Hizballah International Financing Prevention Act (HIFPA), A/S Glaser explained that the law does not target Lebanon, nor does it target the Shia community. HIFPA targets Hizballah’s financial activities worldwide, and will be implemented worldwide.
Assistant Secretary Glaser also discussed joint American-Lebanese efforts to combat ISIL’s financial networks. He reiterated the U.S. commitment to work with Lebanon to protect and promote Lebanon’s financial system.