Lebanese Parliament approves banking secrecy law with a majority of 87

Lebanon Economy
24-04-2025 | 05:48
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Lebanese Parliament approves banking secrecy law with a majority of 87
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
Lebanese Parliament approves banking secrecy law with a majority of 87

The Lebanese Parliament has passed the banking secrecy law with a strong majority of 87 votes after amending Article 3. 

The revised version of Article 3 now mandates the complete and unrestricted lifting of banking secrecy for the benefit of the Banque du Liban (BDL), the Banking Control Commission, and auditors or independent assessors officially appointed by these bodies.

The implementation details of this article will be outlined in a decree issued by the Cabinet based on a proposal from the Finance Minister, following consultation with BDL.

The law maintains a ten-year retroactive period during which account information can be disclosed, preserving a key accountability provision from previous drafts.

Lebanon News

Lebanon Economy

Lebanese

Parliament

Banking

Secrecy

Law

Majority

LBCI Next
Lebanese Parliament delays IMF contribution bill amid financial burdens
Lebanon commits to structural reforms, Minister Yassine Jaber tells IMF, World Bank
LBCI Previous
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