Regulatory Alerts2002-02-04 | 8047Central Bank of Lebanon Circular No. 90: Regulation of the Statement of Reports about International Transactions
The Central Bank of Lebanon issued Circular No. 90 to enforce Basic Decision No. 8047, requiring banks, financial institutions, and financial intermediaries to report international transactions exceeding $10,000. These entities must submit quarterly statistical reports using the STR-e electronic system and specific ITRS-3 forms, detailing transaction purposes, counterparties, and geographic classifications. The regulation mandates compliance with established economic classification codes and imposes administrative penalties for non-compliance.
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