Articles

BDL’s Forensic Audit: Chronicle of a Failure Foretold

Over the past two years, several factors have turned the forensic audit of Banque Du Liban’s accounts and transactions into a tragicomedy. It started with BDL using the Banking Secrecy Law as a pretext for refusing to meet the requests of Alvarez & Marsal Middle East Limited (A&M), a UAE subsidiary of the main American company of the same name, assigned to conduct this audit for the first time in September 2020.

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