FOR IMMEDIATE RELEASE
Beirut, Lebanon, 31 December 2020 – Recent media reports have falsely accused MEAB Bank of dealing with the “al-Qard-al-Hassan” Association. MEAB Bank would like to clarify that these accusations are completely false and unfounded and aim to discredit the Lebanese banking sector. These claims are fabricated and far from the truth, as MEAB Bank denies these false and misleading allegations.
MEAB Bank confirms its commitment to full compliance with Lebanese laws and all international best practices and standards, including anti-money laundering and laws countering the financing of terrorism. In addition, MEAB Bank abides by all circulars, regulations and directives issued by the Central Bank of Lebanon and other international regulatory organizations. In addition, the Bank confirms that it does not deal in any way with any individual or entity blacklisted by the Central Bank of Lebanon or by the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC).
Inaya A. Hamdan