
Banque du Liban Bans Inflow of Funds Linked to Sanctioned Entities
This is Beirut, 02/09 09:50 - Reading : 1 minute(s)
Banque du Liban Washington OFAC Sanctions
On Tuesday, the Banque du Liban (BDL) issued Circular No. 170, banning the direct or indirect entry of funds linked to Lebanese organizations subject to international sanctions, especially those imposed by the US Office of Foreign Assets Control (OFAC). The central bank cautioned that permitting such financial flows could endanger the ties ...