Bank Secrecy

Article 5: On Lebanese Bank Secrecy...

2019/04/15

Many people imagine sandy beaches and faraway islands when one mentions bank secrecy. And with a good reason.

Tax havens have mostly been located in such charming locations with flexible and little regarding AML (Anti-Money Laundering) Laws looking to attract the funds of wealthy individuals. But that is not always the case.

Let's take a closer look to at the Lebanese Bank Secrecy law and its current practices.