Close Menu
    Facebook X (Twitter) Instagram
    Tuesday, July 15, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Lebanon Will Now Select A New Firm For Forensic Audit
    Reuters/Mohamad Azakir
    2 Mins Read

    Lebanon Will Now Select A Firm For Forensic Audit

    By Hussein YassineDecember 23, 2020
    Facebook WhatsApp Copy Link

    After the Lebanese Parliament approved a law that removes banking secrecy, the Lebanese government now looks to select a firm for undergoing the forensic auditing of the central bank’s accounts.

    Last month, Alvarez & Marsal, the firm that the Lebanese government had hired to conduct the audit, announced that it would be withdrawing from the contract.

    This was after Central Bank Governor Riad Salameh refused to answer some of the firm’s questions and refrained from providing information necessary for the audit, citing Lebanon’s banking secrecy laws.

    Now that banking secrecy has been lifted, Lebanon is looking to secure a new contract to relaunch the audit.

    Lebanon Will Now Select A New Firm For Forensic Audit
    Reuters/Mohamad Azakir

    “We are looking at different options. Either we renew the contract with Alvarez & Marsal or find another firm to conduct forensic auditing of all BDL’s accounts. We are supposed to find a company in a matter of days,” caretaker Finance Minister Ghazi Wazni told The Daily Star.

    He added that the law passed by Parliament this week removes all justifications not to cooperate with the forensic auditing team.

    “The new law is very clear. All accounts at BDL will be subject to forensic auditing,” the official stressed.

    It’s important to note that the forensic auditing of all of the BDL’s accounts is a requirement set by the international community for Lebanon to unlock financial support and proceed on the assisted path toward recovery from its severe crisis.

    Riad Salameh
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    shark tank Lebanon

    Shark Tank Is Officially Coming To Lebanon – Here’s How You Can Get A Chance To Pitch Your Idea

    lebanon jounieh cyprus by ferry 961

    You’ll Soon Be Able To Travel Between Lebanon & Cyprus By Ferry

    June 8, 2025

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    whish pay lebanon 961

    You Can Now Use Whish Pay At Shopify Stores

    June 13, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024

    How Mia Khalifa Became One Of The Most Outspoken Advocates For Lebanon

    August 13, 2020
    caracalla one thousand and one nights

    Caracalla Just Added More Dates For “One Thousand and One Nights” & You Def Don’t Want To Miss It!

    July 5, 2025
    lebanese beer brands almaza beirut beer 961

    Lebanese Beer Brands Are Publicly Throwing Shade, And It’s Getting Frothy

    June 7, 2025
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.