Regulatory Alerts2025-11-14 | 13768Requests by the Banque du Liban and/or the Banking Control Commission of Lebanon to Lift Banking Secrecy
The Governor of Banque du Liban issued Basic Decision No. 13768 to mandate all supervised banks and institutions in Lebanon to promptly respond to banking secrecy lifting requests from the central bank or the Banking Control Commission without invoking excuses. The decision establishes secure electronic and physical transmission protocols, retroactive inquiry rights spanning up to ten years from April 2025, and strict confidentiality safeguards for exchanged records. Non-compliant entities face statutory penalties under the Monetary and Exchange Law, while the Banking Control Commission oversees implementation and may adjust information-sharing mechanisms as needed.
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