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US cautions Lebanese Banks on Syria

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11-05-2012 | 00:06

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US cautions Lebanese Banks on Syria

The United States urged Lebanese banks to take “extra” caution in handling financial transactions with Syria, in order to prevent the Syrian regime and its supporters from stashing money abroad, deputy Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen said on Thursday.

Cohen pointed that there might be capital leakage out of Syria, adding: “we want to facilitate the capital flight of individuals in Syria who are not supporting the regime and want to leave Syria and take their money with them.”

“There is no reason that we would want to interfere with that”, Cohen said.

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