Regulatory Alerts2024-06-04 | 13638Communicating to Banque du Liban the Names of Shareholders and Persons Holding Managerial Positions
The Acting Governor of Banque du Liban issued Basic Decision No. 13638, requiring all licensed banks, financial institutions, and related entities to submit updated Excel lists detailing the names, dates of birth, and ownership percentages of shareholders, beneficial owners, board members, and senior executives. Institutions must deliver these lists to the Legal Affairs Department by 30 June 2024 and subsequently within one week of any amendments, using designated English-language forms. The Legal Affairs Department will cross-reference the submitted data against international and national sanctions lists, with non-compliance subject to license revocation.
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