Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
U.S. sanctions designation
OFAC designated the Commercial Bank of Syria and its Lebanese subsidiary under Executive Order 13382 during the Syrian civil war. The designation severed the bank from correspondent-account relationships with U.S. banks and imposed due-diligence requirements intended to prevent sanctions evasion.
2011
European Union asset freeze
The European Union imposed sanctions on the bank in October 2011, including the freezing of assets covered by the relevant Syria sanctions regime.