Commercial Bank of Syria
In 2006 the U.S. government enacted sanctions against the Commercial Bank of Syria which was a result money laundering concerns provided for under section 311 of the USA Patriot Act. These sanctions stop U.S. banks and subsidiaries from maintaining correspondence accounts with the Commercial Bank of Syria.
Other articles related to "commercial bank of syria, bank":
... Office of Foreign Assets Control of the U.S Department of the Treasury designated the bank as Specially Designated Nationals ... OFAC designated the bank and its Lebanese subsidiary under the authority of Executive Order 13382 (signed on June 29, 2005), which is aimed at disrupting the activities of weapons of mass ... The European Union also imposed sanctions on the bank on October 2011 with its assets frozen ...
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