News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
20
o
Bekaa
4
o
Keserwan
20
o
Metn
20
o
Mount Lebanon
11
o
North
19
o
South
18
o
Live
Video
Audio
Schedule
shows
العربية
watching now
News
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
20
o
Bekaa
4
o
Keserwan
20
o
Metn
20
o
Mount Lebanon
11
o
North
19
o
South
18
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Swiss regulator investigates 12 banks in Lebanese central banker corruption case
Lebanon Economy
2023-02-27 | 07:48
High views
Share
Share
3
min
Swiss regulator investigates 12 banks in Lebanese central banker corruption case
Switzerland's financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday.
Lebanese authorities charged Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay in the high-profile case.
The Salameh brothers have denied wrongdoing throughout the process. The governor insisted on his innocence to Reuters last Thursday, saying the charges were "not an indictment" and pledged to abide by judicial procedures.
The charges are the product of an 18-month probe by Lebanon into whether Salameh and his brother Raja embezzled more than $300 million from the Central Bank between 2002 and 2015.
The Swiss Financial Market Supervisory Authority (FINMA) on Monday said it has investigated 12 banks in relation to allegations of money laundering linked to the case.
"In the context of Lebanon, FINMA carried out investigations at approximately a dozen banks," a spokesman said. "In two cases, FINMA opened enforcement proceedings."
Enforcement proceedings occur when FINMA detects failures at a bank and works to establish what has gone wrong and what measures need to be taken to prevent breaches of money laundering regulations in future.
In serious cases FINMA can impose measures on banks and also refer matters to the Swiss federal prosecutors if criminal breaches are suspected.
FINMA declined to comment on the nature of the enforcement proceedings in this case, or the banks involved.
The Salameh brothers are alleged to have transferred $330 million to Swiss accounts via the offshore company Forry Associates, which is registered in the British Virgin Islands, Swiss newspaper SonntagsZeitung newspaper reported.
Substantial sums were used to purchase real estate in several European Union countries, it said.
Some $250 million went into Raja Salameh's personal account at the HSBC branch in Geneva, the newspaper said. Other sums were deposited at UBS, Credit Suisse, Julius Baer, EFG and Pictet, it added.
Julius Baer and UBS declined to comment to Reuters, while the other banks mentioned in the report did not respond to a request for comment.
Reuters
Lebanon News
Lebanon Economy
Swiss
Regulator
Investigates
Central
Banker
Corruption
Case
Lebanon
Beirut
Crisis
Government
Economy
Politics
Next
Fuel prices decrease across Lebanon
Recommended For You
d-none hideMe
0
Lebanon Economy
11:11
Lebanon requires $250 mln a month for displaced, minister tells Reuters ahead of Paris summit
Lebanon Economy
11:11
Lebanon requires $250 mln a month for displaced, minister tells Reuters ahead of Paris summit
0
Lebanon Economy
2024-10-21
Lebanon to be put on financial crime watchlist this week: Reuters reports
Lebanon Economy
2024-10-21
Lebanon to be put on financial crime watchlist this week: Reuters reports
0
News Bulletin Reports
2024-10-20
Emigration from Lebanon on the rise: War and economic crisis push more citizens to leave
News Bulletin Reports
2024-10-20
Emigration from Lebanon on the rise: War and economic crisis push more citizens to leave
0
Lebanon Economy
2024-10-18
Fuel prices rise in Lebanon
Lebanon Economy
2024-10-18
Fuel prices rise in Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
11:30
UN rights chief says 'appalled' by deadly Israeli strike near Beirut hospital
Lebanon News
11:30
UN rights chief says 'appalled' by deadly Israeli strike near Beirut hospital
0
Lebanon News
10:07
Israeli army claims Hezbollah bunker near Sahel Hospital holds half a billion dollars
Lebanon News
10:07
Israeli army claims Hezbollah bunker near Sahel Hospital holds half a billion dollars
0
Lebanon News
14:55
Lebanon says ten killed, 31 wounded in two Israeli strikes
Lebanon News
14:55
Lebanon says ten killed, 31 wounded in two Israeli strikes
0
Middle East News
2024-08-28
Pentagon: Greek-flagged oil tanker appears to be leaking oil
Middle East News
2024-08-28
Pentagon: Greek-flagged oil tanker appears to be leaking oil
Videos
d-none hideMe
0
Lebanon News
2024-10-17
Israeli airstrikes on Wardaniyeh: Video reveals impact
Lebanon News
2024-10-17
Israeli airstrikes on Wardaniyeh: Video reveals impact
0
Lebanon News
2024-10-15
LBCI tours industrial cities in Habbouch, Nabatieh, after being targeted by Israeli airstrikes (video)
Lebanon News
2024-10-15
LBCI tours industrial cities in Habbouch, Nabatieh, after being targeted by Israeli airstrikes (video)
0
Lebanon News
2024-10-15
LBCI captures massive destruction following Israeli airstrikes in Ali El Nahri, Zahle
Lebanon News
2024-10-15
LBCI captures massive destruction following Israeli airstrikes in Ali El Nahri, Zahle
0
Variety and Tech
2024-10-14
Dubai's Burj Khalifa illuminates in Lebanese flag colors for solidarity campaign (Video)
Variety and Tech
2024-10-14
Dubai's Burj Khalifa illuminates in Lebanese flag colors for solidarity campaign (Video)
0
Lebanon News
2024-10-14
Israeli airstrike kills 22 people in Aitou, Zgharta district in northern Lebanon (Video)
Lebanon News
2024-10-14
Israeli airstrike kills 22 people in Aitou, Zgharta district in northern Lebanon (Video)
0
Lebanon News
2024-10-14
LBCI exclusive footage: Damage caused by Israeli airstrike on Aitou in Zgharta district
Lebanon News
2024-10-14
LBCI exclusive footage: Damage caused by Israeli airstrike on Aitou in Zgharta district
0
Lebanon News
2024-10-13
Qatari aid arrives at Beirut Airport
Lebanon News
2024-10-13
Qatari aid arrives at Beirut Airport
0
Lebanon News
2024-10-12
Destruction in Nabatieh: Marketplace targeted by Israeli warplanes (video)
Lebanon News
2024-10-12
Destruction in Nabatieh: Marketplace targeted by Israeli warplanes (video)
0
Lebanon News
2024-10-12
Video shows the aftermath of an Israeli airstrike near Deir Billa, Batroun District
Lebanon News
2024-10-12
Video shows the aftermath of an Israeli airstrike near Deir Billa, Batroun District
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
14:33
Israeli army issues urgent evacuation warning for Beirut's Haret Hreik, Laylaki, and Borj El Brajneh residents
Lebanon News
14:33
Israeli army issues urgent evacuation warning for Beirut's Haret Hreik, Laylaki, and Borj El Brajneh residents
2
Lebanon News
07:17
Israel's Adraee issues urgent evacuation warning for residents of Ghobeiry in Beirut's southern suburbs
Lebanon News
07:17
Israel's Adraee issues urgent evacuation warning for residents of Ghobeiry in Beirut's southern suburbs
3
Lebanon News
08:12
Gebran Bassil: Hezbollah's attack sparked the war, we are not in alliance with them
Lebanon News
08:12
Gebran Bassil: Hezbollah's attack sparked the war, we are not in alliance with them
4
News Bulletin Reports
13:00
LBCI enters Sahel General Hospital amid Israeli allegations of Hezbollah financial storage: Here are the details
News Bulletin Reports
13:00
LBCI enters Sahel General Hospital amid Israeli allegations of Hezbollah financial storage: Here are the details
5
Lebanon News
03:50
Avichay Adraee issues urgent evacuation warning to residents of El Haouch in South Lebanon
Lebanon News
03:50
Avichay Adraee issues urgent evacuation warning to residents of El Haouch in South Lebanon
6
Lebanon News
07:36
Hezbollah's Mohammad Afif: Hezbollah takes full responsibility for the operation targeting Netanyahu's home
Lebanon News
07:36
Hezbollah's Mohammad Afif: Hezbollah takes full responsibility for the operation targeting Netanyahu's home
7
Lebanon News
15:58
Israeli army claims it 'eliminated' senior Hezbollah leader Hashem Safieddine: Spokesperson
Lebanon News
15:58
Israeli army claims it 'eliminated' senior Hezbollah leader Hashem Safieddine: Spokesperson
8
Middle East News
03:40
Israeli FM says Lebanon could join normalization with Israel if Saudi deal is achieved
Middle East News
03:40
Israeli FM says Lebanon could join normalization with Israel if Saudi deal is achieved
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More