Lebanese Banking Control Commision- MH04022020 لجنة الرقابة على المصارف

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Conduct specific targeted examinations (changes in ownership, change of venue,
complaints etc… ).
Conduct off-site examinations over Money Exchange Houses.
The Examination is based on:
Electronic Money Transfer Firms:
1. Auditors Annual Reports through the control of the numbers in the balance
sheet, and income statements.
2. Periodic and monthly Reports from Money Exchange Houses.
3. Special Investigation Commission (S.I.C.) reports.
4. Monthly bank-note and metals shipments reports (from Exchange Houses
and Commercial Banks).
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Making specific recommendations to the license Cancellation of Electronic Money
Transfer Firms, when off-site or on-site examinations show that the conditions set
by the Central Bank are no longer met.
Conduct on-site reviews by the examiners, this task aims to follow up on the findings
by the off-site examination.
Both on-site and off-site reviews evaluate management, and examine compliance
with different rules and regulations covering the Electronic Money Transfer Firms.
Moreover, the findings related to the AML and CFT laws and regulations are
coordinated with those of the S.I.C.
Making recommendations for licensing new Electronic Money Transfer Firms.
Conduct specific targeted examinations (changes in ownership, change of venue,
sub- agents reviews, complaints etc…).
Conduct off-site examinations over Money Exchange Houses.
The Examination is based on:
1. Auditors Annual Reports through the control of the numbers in the balance
sheet, and income statements.
2. Periodic and monthly Reports .
3. Special Investigation Commission (S.I.C.) reports.
Mehdi El Husseini-04022020