Latest news with #BankingSecrecyLaw
National News
25-04-2025
- Business
- National News
French Ambassador: Passing Banking Secrecy Law promising step toward reforms
NNA - French Ambassador to Lebanon, Hervé Magro, on Friday wrote on 'X' platform that the approval of the Banking Secrecy Law by Parliament represents 'a promising step on the path of economic and financial reforms.' 'Restoring confidence in the banking sector also requires, in the next stage, the adoption of the draft law on banking sector reform.'
LBCI
24-04-2025
- Business
- LBCI
Lebanon's President signs banking secrecy law amendments
President Joseph Aoun signed a series of amendments to Lebanon's banking secrecy law Thursday after Parliament passed the bill. The reform is seen as a significant milestone in Lebanon's broader financial recovery agenda. Law No. 1, dated April 24, 2025, amends specific clauses within the longstanding Banking Secrecy Law of 1956, specifically paragraphs (e) and (f) of Article 7, as well as Article 150 of the Monetary and Credit Law of August 1, 1963, as previously modified by Law No. 106 of October 28, 2022. The president requested that the law be published according to constitutional procedures, ensuring its swift enforcement.
National News
24-04-2025
- Politics
- National News
Parliament approves amendments to banking secrecy, monetary law
NNA - The Lebanese Parliament on Thursday passed the draft law submitted under Decree No. 103, amending Article 7 (e) and (f) of the Banking Secrecy Law of September 3, 1956, as well as Article 150 of the Code of Money and Credit dated August 1, 1963, as amended by Law No. 30 of November 8, 2022. The vote was conducted by roll call, with 87 members voting in favor and 13 against.
National News
24-04-2025
- Business
- National News
Parliament convenes under Speaker Berri to tackle key financial reforms, Beirut municipality files
NNA – The House of Parliament convened in a legislative session on Thursday, presided over by House Speaker, Nabih Berri, with a 23-item agenda focusing on critical economic, monetary, and livelihood-related draft laws and proposals. Topping the agenda is the draft law submitted under Decree No. 103, which seeks to amend certain provisions of the 1956 Banking Secrecy Law, alongside Article 150 of the Code of Money and Credit—both seen as pivotal steps in Lebanon's financial reform trajectory. Also under discussion are three draft laws concerning the Beirut Municipality, presented on the eve of upcoming municipal and mayoral elections. ============R.H.
LBCI
09-04-2025
- Business
- LBCI
Speaker Berri calls for joint committee session to discuss amendments to banking secrecy law
Parliament Speaker Nabih Berri called for a joint session of the parliamentary committees on Finance and Budget, Administration and Justice, and National Economy, Trade, Industry, and Planning. The session is scheduled for 11:00 a.m. on Wednesday, April 16, 2025. The committees will review a draft law submitted by Decree No. 103, dated April 2, 2025. The proposed legislation aims to amend Article 7 of the 1956 Banking Secrecy Law and Article 150 of the Code of Money and Credit dated August 1, 1963, as modified by Law No. 306 issued on October 28, 2022.
