Finance Subcommittee completes bank secrecy law review


Head of the Finance and Budget Committee MP Ibrahim Kanaan said Wednesday that the Finance Subcommittee has reviewed a reformed bank secrecy law and will send it to the Finance and Budget committee for approval.

The Finance and Budget Committee will discuss the law tomorrow, Thursday, along with the World Bank wheat loan.

A law that lifts bank secrecy was required by the International Monetary Fund in order to fight corruption and to detect and investigate financial crimes.

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