Lebanon’s Salameh says ‘banking secrecy must stay’

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File photo: Central bank chief Riad Salameh was summoned by Lebanese prosecutor Jean Tannous on July 19, 2021 for questioning over allegations of “embezzlement, forgery, illicit enrichment, money laundering and tax evasion” .
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 Lebanon’s central bank governor, Riad Salameh, said in a televised interview on Tuesday that he was in favour of maintaining banking secrecy, three years into the country’s financial meltdown.

The International Monetary Fund had set a “reformed banking secrecy law to bring it in line with international standards” as a precondition for access to relief funds.

On Tuesday night Lebanon’s state security agency raided a house belonging Governor Riad Salameh o execute a judge’s subpoena, a judicial source and a security source told Reuters.’

The subpoena was issued in February by Judge Ghada Aoun after Salameh failed to show up for questioning as part of an investigation she was leading into alleged misconduct and corruption.

File photo: Central bank chief Riad Salameh was summoned by Lebanese prosecutor Jean Tannous on July 19, 2021 for questioning over allegations of “embezzlement, forgery, illicit enrichment, money laundering and tax evasion” .
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