CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Middle East Business

US concerned at 'abuses' in Lebanese banking system

Published: 02 Mar 2022 - 06:56 pm | Last Updated: 02 Mar 2022 - 06:57 pm
Peninsula

Reuters

BEIRUT: A U.S. treasury delegation urged Lebanese authorities to mount investigations into abuses within the Lebanese banking system by members of the political and economic elite, the U.S. treasury said in a statement on Wednesday.
"They emphasized the need to make serious efforts to investigate those abuses, particularly by the Banque du Liban and the Special Investigation Commission," said the statement, referring to the central bank and an investigation unit set up to probe illicit financial activity.
"They pressed for the appropriate authorities to conduct investigations and perform due diligence on any related transactions," added the statement, released at end of a three-day visit to Beirut by the delegation.
(Reporting by Tom Perry and Timour Azhari; editing by John Stonestreet)