US, UK, Canada Sanction Former Lebanese Official, Associates
The U.S., the U.K. and Canada this week sanctioned the former governor of Lebanon’s central bank, Riad Salameh, and others involved in an international corruption scheme. The Treasury Department said Salameh “abused his position of power,” to “enrich himself and his associates” by funneling hundreds of millions of dollars through shell companies to invest in European real estate.
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The U.S. Office of Foreign Assets Control also designated Salameh's brother, Raja Salameh; his primary assistant at the central bank, Marianne Hoayek; his son, Nady Salameh; and former partner, Anna Kosakova. OFAC said Raja Salameh helped Riad Salameh divert funds through shell companies, and they used companies registered under the names of Nady Salameh and Anna Kosakova.
Canada sanctioned Riad Salameh, Raja Salameh and Hoayek for corruption and the “misappropriation of public assets for personal gain and the transfer of the proceeds of corruption to foreign states.” The U.K. also sanctioned Hoayek, Kosakova and Riad and Raja Salameh under its global anti-corruption sanctions regulations.