Regulatory Alerts2026-05-04 | 13815KYC Form for Currency Transactions and Exchange Operations
The Central Bank of Lebanon issued Circular No. 761 to amend Basic Decision No. 13769, mandating a standardized Know Your Customer (KYC) form for non-bank financial institutions to monitor currency and foreign exchange transactions. The regulation establishes a USD 1,000 threshold for cash operations, requires systematic data collection, identity verification, and monthly reporting of suspicious or high-risk activities, while imposing administrative penalties and daily delay fines for non-compliance. It further standardizes Form A1-RF for client onboarding and risk profiling, and Form B1-RF for per-transaction records, ensuring alignment with international AML/CFT standards and electronic signing provisions.
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