The Central Bank of Lebanon has launched an Alvarez & Marsal forensic audit of selected transactions involving its foreign assets from Oct. 1, 2019, through Dec. 31, 2023. The firm formally began work on Aug. 17, 2026, after winning a public procurement process involving the ministries of finance and justice. The audit covers subsidy programs for essential goods, certain bank and public sector transfers, and letters of credit for fuel imports. It will trace related funds and assess the procedures and mechanisms used to execute the transactions, drawing on records held by the central bank, government bodies, commercial banks and other parties. The findings will also support the central bank in documenting and preserving financial claims linked to amounts paid from its foreign currency assets, particularly under subsidy programs.
2026-09-02Central Bank of Lebanon
Central Bank of Lebanon launches forensic audit of selected foreign asset transactions from 2019 to 2023
The Central Bank of Lebanon has launched an Alvarez & Marsal forensic audit of selected foreign asset transactions conducted between Oct. 1, 2019, and Dec. 31, 2023. The review covers subsidy programs, certain bank and public sector transfers, and fuel import letters of credit, with the aim of tracing funds, verifying procedures and documenting related financial claims.