Lebanon Opportunities

Numbered accounts no more

he Association of Banks (ABL) has asked the banks to cease using numbered deposit accounts as part of its endeavors to keep the sector in line with global regulations pertaining to antimoney laundering and combating the financing of terrorism (AML/CFT). The move shows ABL’s eagerness to maintain good relations with correspondent

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Lebanon Opportunities8 min gelesenPoverty & Homelessness
Subsidies
InfoPro Research has estimated that subsidies by the State and the Central Bank (BDL) are consumed mostly by the non-poor, when measured in terms of money value. According to a study it has undertaken, the poor’s share is under 25 percent of the tota
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Official Business
Alvarez & Marsal (A&M) is performing forensic audit of the Central Bank (BDL) under a contract with the Ministry of Finance. KPMG and Oliver Wyman are carrying out the financial audit. A&M is a global consultancy that provides restructuring and turna
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Finance
Banque BEMO has allocated $100 million to provide fasttrack loans to people hurt by the ports explosion and who want to rebuild their houses, offices, or restore their equipment. Cars and home appliances are among the items that maybe considered as ‘