LBCI

Lebanese Finance Minister hails parliamentary backing for banking secrecy passage

Lebanon Economy

24-04-2025 | 06:44

Share

Share

Lebanese Finance Minister hails parliamentary backing for banking secrecy passage

Lebanese Finance Minister Yassine Jaber expressed satisfaction with the parliamentary support granted to the amended banking secrecy law, particularly following its approval with retroactive effect for ten years and a key revision to Article 3.

The amendment, which updates Article 150 of the Code of Money and Credit, now explicitly allows the lifting of banking secrecy for "auditors and administrators appointed in accordance with legal procedures by the Banque du Liban (BDL) or the Banking Control Commission." This replaced the original phrasing—"any third party"—which lawmakers had removed during previous joint committee sessions.

Sources confirmed that Minister Jaber had been working on the revised language since the previous day, holding consultations with officials from the International Monetary Fund (IMF). These discussions ultimately led to the adopted changes, which are critical in aligning Lebanon's banking reforms with international standards.

Lebanon News

Lebanon Economy

Lebanese

Finance

Minister

Yassine Jaber

Parliamentary

Banking

Secrecy

Passage

Next

Reforms unlocked with banking secrecy lift: Lebanon expands access to bank records to trace crisis roots

Lebanon’s Parliament approves amendment allowing BDL to issue new currency denominations

Previous

Recommended For You

Lebanon faces political paralysis: Key appointments remain on hold

News Bulletin Reports

2025-06-11

Lebanon faces political paralysis: Key appointments remain on hold

In Lebanon, IMF sees ‘some progress’ on reforms but urges more external support

2025-06-05

In Lebanon, IMF sees ‘some progress’ on reforms but urges more external support

Price concerns and mixed reactions: Will Lebanon's fuel tax lead to a new wave of inflation?

News Bulletin Reports

2025-06-04

Price concerns and mixed reactions: Will Lebanon's fuel tax lead to a new wave of inflation?

Head of Fuel Tanker Owners Syndicate criticizes customs hike on fuel

Lebanon Economy

2025-06-04

Head of Fuel Tanker Owners Syndicate criticizes customs hike on fuel

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Hope in Rome: US and Iran move closer through indirect talks

News Bulletin Reports

2025-04-20

Hope in Rome: US and Iran move closer through indirect talks

Le Drian returns to Beirut, revives French role in Lebanon’s crisis

News Bulletin Reports

2025-06-11

Le Drian returns to Beirut, revives French role in Lebanon’s crisis

On the path to reform: Beirut Airport undergoes major upgrades ahead of summer season

News Bulletin Reports

2025-04-12

On the path to reform: Beirut Airport undergoes major upgrades ahead of summer season

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

13:30

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

Videos

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

Most read

24 hours

7 days

Month

LBCI sources: Beirut airport operating normally, Cyprus airspace adopted

1

LBCI sources: Beirut airport operating normally, Cyprus airspace adopted

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

2

With eyes on Iran, US sharpens Lebanon focus in high-stakes visit

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

3

Reform or relapse: French envoy Le Drian backs arms monopoly, UNIFIL role in securing Lebanon’s future—LBCI interview

Lebanese President Aoun to meet Pope Leo XIV during Rome visit

4

Lebanese President Aoun to meet Pope Leo XIV during Rome visit

Defense Minister visits UNIFIL in Naqoura, condemns attacks and calls for mandate renewal

5

Defense Minister visits UNIFIL in Naqoura, condemns attacks and calls for mandate renewal

Jeita Grotto set to reopen soon as tourism ministry, municipality reach deal

6

Jeita Grotto set to reopen soon as tourism ministry, municipality reach deal

Israel conducts 'preemptive strike' on Iran: Israeli defense minister

7

Israel conducts 'preemptive strike' on Iran: Israeli defense minister

Strike or bluff? Israel raises stakes ahead of US-Iran talks

8

Strike or bluff? Israel raises stakes ahead of US-Iran talks

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More