Public Actions

Parliament approved the extension of a law that lifts banking secrecy on public accounts to facilitate a forensic audit on the country’s central bank. Parliament approved a law in 2020 that lifted banking secrecy on BDL’s accounts for one year. This period expired on Dec. 29. The Lebanese government has twice signed contracts with the firm Alvarez & Marsal to audit BDL’s accounts. The firm canceled the first contract due to BDL’s failure to provide the necessary documents to complete the audit. Although the second contract was signed in September 2021, the financial audit remains up in the air. 

قانون رقم 279

تمديد العمل بالقانون رقم 2020/200 تاريخ 2020/12/29 إلى حين الانتهاء من أعمال التدقيق الجنائي وتعديل الفقرة 2 من مادته الوحيدة