42187
Lebanon Freezes 28 Bank A/Cs
World Economy

Lebanon Freezes 28 Bank A/Cs

Lebanon lifted banking secrecy on 28 bank accounts in 2015 as part of efforts to combat money laundering, terrorism funding, fraud and financial embezzlement, Albawaba reported. “Money Laundering/Terrorism Financing cases have become more complex. It said 432 cases were received, 101 from foreign sources and 331 from local sources. In 2015, 458 spontaneous disclosures were also handled many of which were related to Islamic State militants,” the Secretary-General of the Special Investigation Commission Abdul Hafiz Mansour said on the occasion of the release of SIC 2015 report. But the report did not disclose the names of the individuals or groups or their nationalities whose bank accounts were frozen, nor the total amount involved.

 

Short URL : http://goo.gl/gGqe8C
  1. http://goo.gl/qS0te0
  • http://goo.gl/451Ob0
  • http://goo.gl/nbydKq
  • http://goo.gl/WPyWPQ
  • http://goo.gl/o1m0cw

You can also read ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Ethiopia topped the list with FDI inflows surging  by 46% to $3.2 billion.
Foreign direct investment inflows to West African countries...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Exports extended their growth trajectory for the ninth consecutive month in August.
Economic growth in the third quarter is expected to receive a...
Vietnamese Prime Minister Nguyen Xuan Phuc (rear) speaks at the 24th APEC Finance Ministers’ Meeting in Hoi An, Quang Nam Province, in central Vietnam, on Oct. 21.
At their 24th meeting in Vietnam, finance ministers of the 21...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Oman GDP Grows by 12%, Deficit Narrows
Oman’s economy has achieved a robust 12.3% growth rate to...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...

Trending

Googleplus