Search

Lebanon Finance News

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

Tag

Money Laundering

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

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

Blog at WordPress.com.

Up ↑