Regulatory Alerts1996-11-09 | 6367The Regulation of Transfer Operations to and from BDL
The Central Bank of Lebanon issued Basic Decision No. 6367 to standardize and regulate domestic and cross-border money transfer operations for private sector accounts. The decision mandates that banks and financial institutions execute transfers via SWIFT using specific message templates (MT 200, 201, 202, 203, 292, 210) and designated departmental codes, while establishing strict submission deadlines, liquidity requirements, and fallback procedures for SWIFT failures. It further defines execution priorities, fee structures, penalty mechanisms for temporary deficits or late bookings, and the mandatory use of IBANs and written forms to ensure operational consistency across all BDL branches.
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