Lebanese Central Bank Governor Joins French Seminar on Financial Reintegration of Terrorism-Affected Countries

Bank of Lebanon Governor Karim Saeed participated in a high-level seminar and discussion panel hosted by the Banque de France, dedicated to exploring ways to reintegrate countries affected by the control of terrorist organizations into the international financial system, and addressing challenges related to restoring their access to global markets and financial institutions.

The seminar brought together several central bank governors and senior officials from Saudi Arabia, Egypt, Syria, Palestine, Nigeria, and South Africa, alongside senior officials from the Financial Action Task Force (FATF), representatives from the US, French, and British Treasuries, the European Central Bank, the European Union, and prominent figures from the international private financial sector. Members of the Special Investigation Commission at the Bank of Lebanon and the bank's principal legal advisor also participated in the seminar.

Discussions focused on the institutional, regulatory, and financial challenges facing countries seeking to restore the integrity and credibility of their financial systems, strengthen anti-money laundering and counter-terrorism financing frameworks, and rebuild trust with international financial institutions and correspondent banks.

The participation of the Bank of Lebanon Governor underscores the bank's commitment to enhancing financial transparency, combating illicit financial flows and terrorism financing, and working towards Lebanon's reintegration into the international financial system, in accordance with adopted international standards and best practices.

The seminar also served as an important platform for dialogue between monetary authorities, international supervisory bodies, and private financial institutions regarding the necessary measures to restore financial stability and institutional credibility, and ensure sustainable access to global financial markets.