Lebanon's new central bank chief pledged to combat money laundering and terror financing, and to rebuild trust in the country's much-maligned banking sector as he formally assumed office on Friday.

Lebanon’s new central bank governor has vowed that the institution will fight money laundering and the financing of terrorism and will work independently away from political intervention.

and the illegal circulation of money in the economy," Karim Souaid said after he officially took office. Lebanon has been requested, particularly by the United States, to fight financing terrorism ...

Lebanon's newly appointed central bank governor Karim Souaid speaks during a handover ceremony in Beirut — ANWAR AMRO The governor of Lebanon's central bank, Karim Souaid, took office on Friday, ...

Karim Souaid, who was speaking after officially taking office in Beirut, added that he will work on restructuring the banking sector, public debt and returning money to depositors. Lebanon’s ...