Lebanese Central Bank begins asset audit
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The article focused on the forensic audit procedures carried out by Banque du Liban concerning its foreign assets, with the aim of enhancing transparency and accountability in fund management. Alvarez & Marsal was selected to conduct the audit, covering the period from October 1, 2019, to December 31, 2023. The scope includes a review of commodity support operations, banking transfers, and fuel import credits. The purpose of the audit is to trace the flow of funds and verify their accuracy, while facilitating cooperation with relevant authorities to ensure reliable results, ultimately safeguarding the bank's rights related to payments from its foreign currency holdings.
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