CENTRAL BANK CONFIRMS SUBMITTING ALL REQUIRED DOCUMENTS TO TWO AUDITING COMPANIES

The Lebanese Central Bank on Wednesday issued a statement confirming that it had handed over all of its accounts to the Minister of Finance in accordance with the law.

“As for the state’s accounts, the Lebanese state can request a detailed disclosure of its entire accounts, and subsequently hand them over to the parties it deems appropriate. This spares the Central Bank the possibility of violating the legally binding banking secrecy law, which if violated, will entail criminal consequences,” the Central Bank’s statement read.

The statement went on to express the BDL’s utter regret that newspapers — including international ones — as well as social media, have published the information and data provided to Alvarez & Marsal by the Ministry of Finance.

“This violates the law and the provisions of the contract signed between the latter and the aforementioned company,” the statement warned.

“The Central Bank also confirms that it has delivered, in accordance with the law, all the documents that have been requested by the auditing companies ‘KPMG and Oliver Wyman’, in addition to the fact that the Central Bank has already had contracts with two international companies for external auditing of its accounts since 1994,” the statement concluded.

Source: National News Agency

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