Lebanese Banks Must Comply With Iran Sanctions, Salameh Says

Lebanese banks will have to comply with stricter sanctions by the United Nations, the U.S. and the European Union on Iran, Central Bank Governor Riad Salameh said.

“It is up to the Lebanese banks to act in accordance with their interests and be sure, if they have to make an operation, that it’s an operation that can’t be contested internationally,” Salameh said in an interview late yesterday at his office in Beirut. The latest UN resolution “is very clear and we will respect it and make sure it is respected.”