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Illicit cash inflows to Lebanon hit $32.6B from 2005 to 2014

Caretaker Finance Minister Ali Hassan Khalil said illicit cash inflows in Lebanon reached $32.6 billion from
2005 till 2014, or 17 percent of Lebanon’s trade volume in the same period. “To combat this phenomenon, Lebanon
adopted a number of measures. Among these measures were laws on the declaration of cash transfer across the border,
anti-money and terrorism financing, exchange of tax information with other countries and the amended 316 article
pertaining to sanctions on terrorism financing,” Khalil told the participants at the “Financing Sustainable Development
Curbing Illicit Financial Flows” conference, which was held at ESCWA.
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