The branches of the Lebanese banks abroad, in particular Bank Audi SAL–Audi Saradar Group, are reportedly being used by the Islamic State of Iraq and the Levant (ISIL) to fund the organization, despite confirmation by Central Bank Governor Riad Salameh that the group has no transactions in Lebanon.

A banking source told al-Akhbar newspaper published on Thursday that the talks of U.S. Assistant Secretary of the Treasury for Terrorist Financing Daniel Glaser, who recently visited Lebanon,focused on the branches of the Lebanese banks in Turkey and Iraq and their financial operations there.

He reportedly expressed grave concern that ISIL has been using some Lebanese banks abroad in money laundering operations.

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