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Case overview
1:11-cv-09186
New York Southern
Forfeit/Penalty: Other
Paul A. Engelmayer
Several insurance companies have agreed to drop claims to $103 million in assets the U.S. seized from Lebanese Canadian Bank and others during an investigation into a money laundering and drug trafficking scheme tied to a terrorist group, according to documents filed in New York federal court Monday.
Lebanese Canadian Bank has agreed to pay $102 million to settle allegations that it participated in an international money laundering and drug trafficking scheme in connection with a terrorist group, prosecutors announced Tuesday.