Search

Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

Tag

Legal Issues

Moneylenders to get same training as bankers. Central Bank circular regulatin g further ‘Comptoirs de crédit’

Training-Money-launderers.jpg

The Central Bank (BDL) has issued a new regulation requiring certain executives in moneylending businesses to have qualifications similar to those required by people holding comparable jobs in banks and financial institutions. The prerequisites pert….
Article details

Advertisements

470 financial crimes reported Special Investigation Comm.. Cases of terrorism financing up 70 percent

FinancialCrimes-Lebanon.jpg

The Central Bank’s Special Investigation Commission (SIC) said it received 470 cases related to financial crimes last year, up nine percent compared with 2015.

The number of crimes reported by local sources totaled 363. The remaining 107 case….
Article details

Moneylenders and NGOs added to watchlist categories. Central Bank tightens noose around money launderers

money-lenders-added-to-watc.jpg

The Central Bank (BDL) has added three categories of customers to the list of clients that banks and financial institutions should classify according to their risk for money laundering and terrorist financing.

BDL’s intermediate circular 421 ….
Article details

Prepaid cards, bearer shares prohibited by Central Bank. In effort to combat money laundering

Banks-banned2016.jpg

The Central Bank (BDL) has issued a ruling prohibiting banks from issuing or marketing prepaid cards. The decision also applies to other institutions that issue credit and loyalty cards.

The move is part of BDL’s efforts to combat money laund….
Article details

Lebanon tops Arab world in financial secrecy. It mixes secrecy with big tax exemptions

Lebanon-tops-Arab-world-in-.jpg

The Tax Justice Network (TJN) said it has ranked Lebanon first in the Arab world and seventh globally in the 2015 Financial Secrecy Index (FSI).

“Lebanon has sailed against the prevailing winds on global financial transparency and continues t….
Article details

Disclosure by banks available to clients. It is mandatory to show lending and deposit rates computations

lebanon_banking_sector.gif

The Central Bank’s Basic Circular No. 134, which requires banks to apply measures to ensure transparent and fair dealings with their customers, has been completely implemented, said executives from Bank of Beirut and Credit Libanais.

The Cent….
Article details

Lebanon tops Arab world in financial secrecy. It mixes secrecy with big tax exemptions

Lebanon-tops-Arab-world-in-.jpg

The Tax Justice Network (TJN) said it has ranked Lebanon first in the Arab world and seventh globally in the 2015 Financial Secrecy Index (FSI).

“Lebanon has sailed against the prevailing winds on global financial transparency and continues t….
Article details

Disclosure by banks available to clients. It is mandatory to show lending and deposit rates computations

lebanon_banking_sector.gif

The Central Bank’s Basic Circular No. 134, which requires banks to apply measures to ensure transparent and fair dealings with their customers, has been completely implemented, said executives from Bank of Beirut and Credit Libanais.

The Cent….
Article details

Create a free website or blog at WordPress.com.

Up ↑