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Corruption in the real estate sector is one of many instances of corruption in Lebanon. (Shutterstock)

February 15th, 2018 - 11:35 GMT

Corruption in Real Estate Costs Lebanon $40 Million a Year

A senior judge said that corruption in the real estate sector was costing Lebanon up to $40 million a year.

Parliament is currently studying a law for the creation of a national committee for fighting corruption, as well as a law for the protection of those who report corrupt activities. (Shutterstock)

March 7th, 2017 - 12:00 GMT

Modernization of laws to fight corruption, money laundering needed: Lebanese minister

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)

January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors

People walk past the sign of the BLOM Bank in Beirut, a day after a bomb blast hit its headquarters in Verdun. (AFP/Patrick Baz)

June 14th, 2016 - 10:00 GMT

Beirut bombing tests the mettle of Lebanon's banking sector

The report did not disclose the names of the individuals or groups whose bank accounts were frozen, their nationalities, or amounts. (Shutterstock)

May 24th, 2016 - 08:02 GMT

Giving the game away: Lebanon lifts banking secrecy on 28 accounts

The Act that was passed in the US is an U.S. act whose implementation is required throughout the world and in Lebanon, said Central Bank Governor Riad Salameh. (The Daily Star)

May 19th, 2016 - 12:00 GMT

Lebanon's failure to comply with US anti-terrorism funding laws will isolate banks: Salameh

According to Mansour, draft laws governing electronic signature and digital transactions have been awaiting approval for over 16 years. (Shutterstock)

April 12th, 2016 - 05:00 GMT

Hacked and jacked: Lebanon lost $12B to cybercrime in 2015

Al Bawaba

February 24th, 2016 - 06:00 GMT

Lebanese banks removed from financial watchdog list

It added that the subsidiary was never asked by Turkish authorities to take any specific measure with regard to combating money laundering and terrorist financing, as alleged the newspaper.

April 3rd, 2015 - 06:53 GMT

'We're not related': Bank Audi denies ties to Daesh

Al Bawaba

April 1st, 2015 - 08:23 GMT

Replacing Switzerland? Why Lebanon isn't keeping its banking secrecy a secret

Al Bawaba

December 8th, 2014 - 03:14 GMT

The Middle East's Switzerland? Lebanon's banking secrecy is here to stay

Al Bawaba

March 31st, 2014 - 05:56 GMT

Lebanon abandons bank secrecy laws to probe money laundering and terrorist funding

The SIC said that out of the 191 investigated cases 126 were local and the rest were foreign

March 5th, 2013 - 12:17 GMT

No longer hush hush? Lebanon lifts banking secrecy laws