Law
Special Investigation Commission (SIC)
An independent body within Lebanon's central bank tasked with combating money laundering and terrorism financing. Its decisions to freeze accounts are subject to legal conditions.
The Special Investigation Commission is Lebanon's national body for combating money laundering and terrorism financing, operating within the central bank. It was established under the 2001 anti-money laundering law and developed with Law No. 44/2015. It receives reports of suspicious transactions, temporarily freezes accounts, and files lawsuits. It is typically chaired by the central bank governor and includes judges and representatives of regulatory bodies. Its decisions are subject to strict legal standards, and any overreach raises debate about its use as a tool of pressure.
Written by AI and not yet reviewed by an editor.