Arab Decision Header Arab Decision Header
 
 
 

Lebanon \ Judicial System \ Special Investigation Authority Against Money laundering Easy printable page

  • Special Investigation Authority Against Money laundering
Contact Information
General Description
The mission of the Special Investigation Commission is to investigate operations that are suspected to be money-laundering offences and to decide on the seriousness of evidence and circumstantial evidence related to any such offence or offences.
Constitutional Framework
On April 20, 2001, the Lebanese Parliament passed Law No. 318 on fighting money laundering. This law criminalizes the laundering of proceeds from crimes such as: the growing, processing and trading of narcotic plants; organized crime; terrorist acts, illegal arm trade; stealing or embezzling public or private funds or their appropriation by fraudulent means; and counterfeiting money or official documents. The said law defines money-laundering operations, and stipulates the fines and imprisonment penalties imposed on such offences. Under its provisions, the Special Investigation Commission (SIC) was established as an independent legal entity with judicial status. The SIC investigates suspicious transactions, decides on the seriousness of evidence, and has the exclusive right to lift banking secrecy, thus enabling the competent judicial authorities and the Higher Banking Commission to take the necessary measures.
(last updated: 17-August-2003)






The documentation was gathered with the best efforts of researchers and scholars, in neutral and scientific spirit. We welcome all clarifications, corrections and improvements for best services. A Concept Team makes every effort to ensure, but cannot guarantee, the accuracy at all times of this information. Hyperlinks to or from other websites imply neither responsibility for, nor approval of, the information contained in those websites by A Concept.
Copyright A Concept mafhoum "the Arab Decision Makers Project"
 
Explore More

To Institution List

See more levels:

Search by Country


Find out more on POGAR.ORG
Country Information
Judiciary




Powered and operated by mafhoum