The Lebanese Canadian Bank (Arabic: البنك اللبناني الكندي.
LCB provided corporate, retail, and investment products, and maintained extensive correspondent accounts with banks worldwide, including several U.S. financial institutions.
[2] In 2011, the US Drug Enforcement Administration and US Treasury and other US government authorities took legal action against LCB alleging that LCB had helped launder hundreds of millions of dollars monthly for a drug trafficking network between South America and the Middle East and Europe, via West Africa, a network which also helped the funding of Hezbollah and other terrorist organizations and money laundering for the narcotics community.
[12][13] On 3 March 2011 it was announced that LCB was to merge with French bank Société Générale.
[7] The sale was effected by a transfer of most of the bank's assets to the Lebanese subsidiary of Société Générale,[3] Société Générale de Banque au Liban (SGBL).