Regulatory Alerts2018-06-26 | 12836Fighting Money Laundering and Terrorist Financing
The Governor of the Central Bank of Lebanon issued Basic Decision No. 12836 to mandate that Collective Investment Companies comply with the Money Laundering and Terrorist Financing Law, its regulatory texts, and relevant directives concerning the definition and identification of Beneficial Owners. This decision requires these entities to apply compliance measures across all activities in alignment with the Financial Action Task Force recommendations and existing financial market codes. It takes immediate effect upon issuance and is published in the Official Gazette to ensure regulatory consistency.
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