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
24
o
Bekaa
15
o
Keserwan
24
o
Metn
24
o
Mount Lebanon
18
o
North
21
o
South
22
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Kaser Adem - Al Saradib
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Bekaa
15
o
Keserwan
24
o
Metn
24
o
Mount Lebanon
18
o
North
21
o
South
22
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
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
Banking secrecy no more? Lebanon bill takes aim at financial wrongdoing
News Bulletin Reports
17-04-2025 | 13:15
High views
Share
Share
3
min
Banking secrecy no more? Lebanon bill takes aim at financial wrongdoing
Report by Lea Fayad, English adaptation by Karine Keuchkerian
Whoever you are, you will no longer be able to hide behind banking secrecy in Lebanon to conceal information about your account if you are accused of corruption, money laundering, tax evasion, or similar crimes.
A draft law amending banking secrecy regulations has been referred by parliamentary committees to the General Assembly, which is scheduled to convene Tuesday and vote on whether to pass it into effect.
This new version of the law includes changes to the 2022 banking secrecy amendment based on recommendations from the International Monetary Fund (IMF), which had previously deemed the earlier version insufficient.
So, what are the main changes?
1. A 10-year retroactive effect from the date the law is enacted
This means the law will apply to all bank accounts dating back to 2015.
Why 2015? According to government sources, that’s when early signs of the financial crisis began to appear — most notably through financial engineering policies.
Anyone who benefited from financial engineering schemes, anyone who transferred money abroad while banks were refusing to give citizens access to their dollars during the 2019 crisis, or those who profited from the subsidy program — all could be investigated under the law.
2. Expanding the list of authorities allowed to request the lifting of banking secrecy on suspicious accounts
Under the 2022 law, this power was granted to the judiciary, the Special Investigation Commission, the tax administration, and the National Anti-Corruption Commission.
The amended law also includes the Central Bank, the Banking Control Commission, and the National Deposit Guarantee Institution — which previously only had access to accounts for the purpose of bank restructuring.
3. Access to accounts by name, not just by account number
Unlike the 2022 version, authorities will now be able to access suspicious accounts using individuals’ names, not just numbers.
Most importantly, this law is expected to promote transparency and accountability, facilitate the restructuring of banks, and help return deposits.
In short, it is a step toward restoring confidence in Lebanon’s banking sector — and without that confidence, few will feel safe putting their money in a bank.
Lebanon News
Lebanon Economy
News Bulletin Reports
Lebanon
Economy
Banking Secrecy
Corruption
International Monetary Fund (IMF)
Next
From South Lebanon to Bekaa: Israel’s plan to reconfigure border security
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:00
Hannibal Gaddafi released on $11 million bail after ten years behind bars—The full story
News Bulletin Reports
13:00
Hannibal Gaddafi released on $11 million bail after ten years behind bars—The full story
0
News Bulletin Reports
12:54
Under Trump's watch: Israel gives Hamas ultimatum on hostages' bodies
News Bulletin Reports
12:54
Under Trump's watch: Israel gives Hamas ultimatum on hostages' bodies
0
News Bulletin Reports
12:48
Factories burn with millions in losses: Israeli strikes paralyze reconstruction in South Lebanon
News Bulletin Reports
12:48
Factories burn with millions in losses: Israeli strikes paralyze reconstruction in South Lebanon
0
News Bulletin Reports
2025-10-16
Threats of escalation: Israel pressures Hamas as US pushes to finalize Gaza ceasefire plan
News Bulletin Reports
2025-10-16
Threats of escalation: Israel pressures Hamas as US pushes to finalize Gaza ceasefire plan
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
07:31
Hannibal Gaddafi admits possession of altered photo of Nabih Berri, says arrest served 'own interests'
Lebanon News
07:31
Hannibal Gaddafi admits possession of altered photo of Nabih Berri, says arrest served 'own interests'
0
Lebanon News
2025-10-16
Israel strikes Ansar, Sinai in South Lebanon
Lebanon News
2025-10-16
Israel strikes Ansar, Sinai in South Lebanon
0
World News
09:40
Trump says to meet with Xi at South Korea summit
World News
09:40
Trump says to meet with Xi at South Korea summit
0
News Bulletin Reports
13:00
Hannibal Gaddafi released on $11 million bail after ten years behind bars—The full story
News Bulletin Reports
13:00
Hannibal Gaddafi released on $11 million bail after ten years behind bars—The full story
Videos
d-none hideMe
0
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
0
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
12:48
Factories burn with millions in losses: Israeli strikes paralyze reconstruction in South Lebanon
News Bulletin Reports
12:48
Factories burn with millions in losses: Israeli strikes paralyze reconstruction in South Lebanon
2
Lebanon News
09:06
Israeli strike targets vehicle in South Lebanon's Khirbet Selm resulting in injuries
Lebanon News
09:06
Israeli strike targets vehicle in South Lebanon's Khirbet Selm resulting in injuries
3
Lebanon News
07:31
Hannibal Gaddafi admits possession of altered photo of Nabih Berri, says arrest served 'own interests'
Lebanon News
07:31
Hannibal Gaddafi admits possession of altered photo of Nabih Berri, says arrest served 'own interests'
4
Lebanon News
04:21
Presidential office warns against AI-generated videos falsely showing President Aoun
Lebanon News
04:21
Presidential office warns against AI-generated videos falsely showing President Aoun
5
Lebanon News
06:10
Half a million liters of diesel lost in Israeli attack on water facility: Statement
Lebanon News
06:10
Half a million liters of diesel lost in Israeli attack on water facility: Statement
6
Press Highlights
00:44
Lebanon’s PM rejects talk of parliamentary extension, confirms polls on schedule
Press Highlights
00:44
Lebanon’s PM rejects talk of parliamentary extension, confirms polls on schedule
7
Lebanon News
06:20
Hannibal Gaddafi granted release under $11 million bail, travel ban imposed
Lebanon News
06:20
Hannibal Gaddafi granted release under $11 million bail, travel ban imposed
8
Lebanon News
04:03
Investigation session opens for Hannibal Gaddafi in Lebanon
Lebanon News
04:03
Investigation session opens for Hannibal Gaddafi in Lebanon
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