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
29
o
Bekaa
33
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
29
o
North
32
o
South
31
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Eendi Soual
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
29
o
Bekaa
33
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
29
o
North
32
o
South
31
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
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
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
Curbing money laundering: Exploring BDL's circular 165
News Bulletin Reports
26-05-2023 | 10:54
High views
Share
Share
2
min
Curbing money laundering: Exploring BDL's circular 165
When an American delegation visited Lebanon during Michel Aoun's term, their main concern was to curb the cash economy in Lebanon. This refers to all transactions conducted in fresh dollars outside the banking system, essentially without any control over the dollar, which means an increase in money laundering operations.
Since then, instead of shrinking, the cash economy has grown larger.
Based on this reality and with the support of international financial organizations and the US Treasury Department, Lebanon's Central Bank, Banque du Liban (BDL), issued circular 165, which allows banks to deal with fresh dollar checks and fresh dollar bank cards starting from June 1.
This circular does not require banks to deposit their entire fresh dollar reserves with BDL, which currently amounts to around $2 billion. Instead, it obliges them to deposit amounts that cover the checks they issue in fresh dollars or Lebanese lira, as well as the bank cards that also rely on fresh dollars of the same value.
Furthermore, this circular will also be sufficient for companies or individuals who wish to conduct money transfers in fresh dollars through correspondent banks, thus further curbing money laundering operations.
While banking sources denied that the purpose of the circular is to eliminate old deposits, they pointed out that the fate of these deposits is tied to pending legislation in parliament, ranging from a recovery plan to capital controls to bank restructuring.
Lebanon News
Lebanon Economy
News Bulletin Reports
Curbing
Money
Laundering
Exploring
BDL
Circular
Lebanon
Next
Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:10
Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?
News Bulletin Reports
13:10
Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?
0
News Bulletin Reports
13:00
Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage
News Bulletin Reports
13:00
Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage
0
News Bulletin Reports
12:55
New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees
News Bulletin Reports
12:55
New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees
0
News Bulletin Reports
12:48
Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus
News Bulletin Reports
12:48
Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-07-08
Israel military claims struck Hamas militant in north Lebanon
Lebanon News
2025-07-08
Israel military claims struck Hamas militant in north Lebanon
0
Lebanon News
2025-07-05
Sources to LBCI: Lebanese Mufti, Syrian President dismiss Israeli claims over land swap deal
Lebanon News
2025-07-05
Sources to LBCI: Lebanese Mufti, Syrian President dismiss Israeli claims over land swap deal
0
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
0
Lebanon News
2025-07-11
Lebanese Parliament forms subcommittee to review immunity lift request for MP George Bouchikian
Lebanon News
2025-07-11
Lebanese Parliament forms subcommittee to review immunity lift request for MP George Bouchikian
Videos
d-none hideMe
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
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
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
12:55
New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees
News Bulletin Reports
12:55
New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees
2
Lebanon News
12:23
Lebanon announces new BDL Deputy Governors
Lebanon News
12:23
Lebanon announces new BDL Deputy Governors
3
Lebanon News
08:09
Tom Barrack says US mediating undisclosed Lebanon-Israel talks
Lebanon News
08:09
Tom Barrack says US mediating undisclosed Lebanon-Israel talks
4
News Bulletin Reports
13:10
Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?
News Bulletin Reports
13:10
Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?
5
News Bulletin Reports
12:48
Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus
News Bulletin Reports
12:48
Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus
6
News Bulletin Reports
13:00
Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage
News Bulletin Reports
13:00
Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage
7
Middle East News
09:31
Syrian, Israeli officials to meet in Baku: AFP
Middle East News
09:31
Syrian, Israeli officials to meet in Baku: AFP
8
World News
00:30
US aware of reported death of American after beating by Israeli settlers
World News
00:30
US aware of reported death of American after beating by Israeli settlers
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