RESPONSE
“Undersecretary Nelson’s clear and authoritative comments received wide applause in Lebanon. Underscoring the Biden Administration’s priority to expose corruption around the world, Nelson invited the bankers to work with the United States in an effort to weed out corrupt depositors, stop illegal flows of money, and enact transparent banking practices that protect honest depositors. He also put them on notice that corrupt bankers would suffer consequences under international and US law. It is clear the Biden administration is prioritizing anti-corruption efforts and will hold corrupt actors accountable for their part in destabilizing Lebanon’s banking system, and that more sanctions on individuals will be forthcoming.”
-ATFL President Edward M. Gabriel
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