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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanon President, amid Financial Meltdown, Returns Amended Bank Secrecy Law to Parliament

24 January 2022, Lebanon, Baabda: Lebanese President Michel Aoun attends the Lebanese Ministerial Council meeting at the Presidential Palace. (Dalati & Nohra)

Lebanon's president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to strengthen it.

Parliament's passage of the legislation on July 26 was considered a modest first step towards reforms required for Lebanon to access $3 billion from the International Monetary Fund (IMF) and help ease its financial meltdown.

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