CMA and SIC sign memorandum of understanding to combat financial crimes

March 5, 2021


The Capital Markets Authority and the Special Investigation Commission (SIC) signed a memorandum of understanding for cooperation in the field of combating money laundering, terrorist financing and related crimes, out of a common interest in preserving the integrity and stability of the financial and banking sector in Lebanon.

The agreement aims to establish frameworks that regulate the exchange of information between the two entities, in accordance with the policies and procedures enacted at the level of each institution.

With the signing of this memorandum of understanding, two of the leading national financial regulatory and supervisory bodies complete an essential step to better protect the Lebanese capital markets; paving the way to strengthen international cooperation with foreign regulatory bodies active on fighting money laundering and financing of terrorism globally.