Lebanon’s central bank (BDL) has announced on Friday that it has informed the Finance Ministry of its compliance in lifting the banking secrecy for one year in order to enable a forensic audit of the central bank.
It did, nonetheless, emphasize the need for Alvarez & Marsal to follow all the obligations according to the laws and the General Data Protection Regulation on the data and information, to prevent any leakage of the BDL’s list of information.
BDL also urged the Finance Ministry to map out an immediate plan for the subsidy program, including priorities and funding sources.
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