MEAB Bank SAL board of directors denies media reports on the matter

The board of directors of the MEAB SAL bank refuted recently issued press reports about the bank, “which falsely indicated that the bank provides banking services to persons or institutions that are listed in the sanctions regulations. These accusations are fabricated and far from the truth. and he must categorically deny the bank’s management. These accusations are false and misleading to public opinion. “

MEAB Bank stated that it is fully committed to the implementation of Lebanese laws and all applicable international standards, especially those related to the fight against money laundering and terrorist financing. In this context, the bank maintains a close and positive relationship with the Central Bank of Lebanon, as well as other external regulatory bodies, and applies all circulars, regulations and directives issued by them to the fullest extent, according to the bank’s statement.

In addition, the bank confirmed that it does not deal with any person or institution that is blacklisted by the Central Bank of Lebanon or in the regulations of the United States Treasury Office of Foreign Assets Control (OFAC).

The statement stated that “because MEAB Bank attaches the utmost importance to its commitment to combat money laundering and terrorist financing, the bank was one of the first Lebanese banks to hire an international law firm and a law firm. independent international criminal audit to continuously carry out the forensic audit mission of all anti-money laundering and terrorist financing policies. ” Which it adopts, as well as to verify its accounts and the banking services it provides, as part of the procedures to respect deliberate bank secrecy in Lebanon.

The reports of the independent international criminal audit firm confirm that the MEAB bank has taken all the necessary measures in the fight against money laundering and terrorist financing, and does not carry out any operations for any person or institution listed in the sanctions regulations (OFAC).

The MEAB bank board of directors stated that the bank is committed to serving its clients and the Lebanese community while fully complying with all applicable laws and internationally applied banking standards.

He noted that “it is only necessary for the bank to retain its rights to take whatever legal action it deems appropriate, whether in Lebanon or abroad, against the makers of these malicious and fraudulent rumors.”