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Compliance procedures against money laundering and terrorism financing according to Tony Abi Saab


Tony Abi Saab pointed out that “Lebanese laws” penalize any activity related to terrorism financing or money laundering, these laws are applied firmly and accurately monitored by the international financial institutions.
In the shadow of the economic crisis in Lebanon, these laws are very important and crucial to the anti-corruption system.
it is a professional and legal responsibility, in fact this issue remains a constant and an ongoing challenge to all countries, regulators and stakeholders, given the negative consequences of this phenomenon on the economy and society.
The fight against money laundering and terrorism funding is a never-ending challenge especially in the Middle East.
This is clearly seen through frameworks developed by our regulators, and through the continuous updating of policies, procedures and measures that is continuously raising the bar regarding standards and requirements.

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