Lebanese Canadian Bank
Beirut bank the US cut off in 2011 for laundering Hezbollah-linked drug money.
The US Treasury blacklisted eight Canadian exchange shops on 6 November 2026, fifteen years after a single Treasury finding cut the Lebanese Canadian Bank off from dollar clearing and shut its Hezbollah-linked money flows.
Last refreshed: 8 November 2026
Timeline for Lebanese Canadian Bank
Mentioned in: US blacklists eight exchangers in Canada
Iran Conflict 2026Mentioned in: Ten names on a Hezbollah cash route
Iran Conflict 2026Background
The Lebanese Canadian Bank was a Beirut lender that the US Treasury named a primary money-laundering concern under Section 311 on 10 February 2011. Treasury said the Lebanon-based drug network of Ayman Joumaa used the bank to move hundreds of millions of dollars a month, and that Hezbollah drew support from that network.
The designation severed the bank's access to American correspondent accounts. Most of its assets passed to Société Générale de Banque au Liban later in 2011, and in June 2013 the bank agreed to pay $102m to settle US money-laundering claims.
The case remains the reference point for Treasury action against a single financial institution serving Hezbollah. Later US actions have gone after couriers and shops instead. On 20 August 2026 Treasury designated ten people over a cash-courier network serving Hezbollah. On 6 November 2026 it named eight exchange shops in Canada.
Why did the US blacklist the Lebanese Canadian Bank?
What happened to the Lebanese Canadian Bank?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 8 November 2026. Editorial standards.