Lebanon’s new central bank chief vows to fight money laundering and terrorism funding

Lebanon central bank chief takes office

The governor of Lebanon's central bank, Karim Souaid, took office on Friday, pledging to advance key reforms demanded by international creditors to unlock bailout funds as the country reels from a years-long financial crisis. Souaid, an asset manager who had worked at major banks and was appointed to the top role on 27 March, replaced an interim governor who had taken over from embattled three-decade chief Riad Salameh nearly two years ago. Spea…

Lebanon’s new Central Bank governor vows to fight financing terrorism

Lebanon's new central bank governor pledged Friday to fight money laundering, financing terrorism and drug smuggling, emphasizing the need for restructuring the banking sector and returning depositors' money.

Lebanon central bank must counter terrorist financing, new governor says

Terrorist financing and money laundering are top concerns for the United States, which wants to prevent Hezbollah from using the Lebanese financial system and cash flows.

President of the Republic Nataša Pirc Musar attended a meeting of heads of state and government of the Aqaba Process in Sofia today, where the leaders discussed, among other things, the fight against terrorism and the security situation in the Balkans.

Lebanon's new central bank chief vows to fight money laundering and terrorism funding

Lebanon’s new central bank governor has vowed that the institution will fight money laundering and the financing of terrorism and will work independently away from political intervention.

Lebanon bank chief takes office, pledging to combat money laundering

The governor of Lebanon's central bank, Karim Souaid, took office on Friday, pledging to advance key reforms demanded by international creditors to unlock bailout funds as the country reels from a years-long financial crisis.Souaid, an asset manager who had worked at major banks and was appointed to the top role on March 27, replaced an interim governor who had taken over from embattled three-decade chief Riad Salameh nearly two years ago.