Lebanon must strengthen measures against money laundering and high-risk financing, governor says

reuters

Lebanon’s new central bank governor, Karim Souaid, has outlined plans to bolster financial oversight and restore economic stability, including restructuring public debt and addressing long-standing obligations to depositors.

Lebanon’s newly appointed central bank governor, Karim Souaid, said on Friday that strengthening safeguards against financial misconduct is a key priority for the institution.

Speaking at a press conference, Souaid also noted that the central bank aims to restructure public debt and begin repaying depositors, as part of broader efforts to stabilize the country’s financial system.

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