Regulatory Alerts2026-01-21 | 13798Central Bank of Lebanon Basic Decision No. 13798 – Cash Transaction Slip (CTS)
The Central Bank of Lebanon issued Basic Decision No. 13798 to mandate all domestic banks and financial institutions to implement a unified Cash Transaction Slip (CTS) for daily cash deposits of 10,000 USD or more. This requirement strengthens the regulatory "Fence Ring" framework by enforcing stricter Know Your Customer (KYC) verification, matching transaction data with account records, and ensuring transparent monitoring of illicit funds to support Lebanon's exit from the FATF Grey List. The decision takes immediate effect and applies to both direct account holders and authorized transaction executors, with banks obligated to retain identity documents and request additional details when deposit values exceed expected customer activity.
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