Lebanon bank chief takes office, pledging to combat money laundering

The governor of Lebanon’s central bank, Karim Souaid, took office on Friday, pledging to advance key reforms demanded by international creditors to unlock bailout funds as the country reels from a years-long financial crisis.

Souaid, an asset manager who had worked at major banks and was appointed to the top role on March 27, replaced an interim governor who had taken over from embattled three-decade chief Riad Salameh nearly two years ago.

Speaking at a press conference on his first day on…

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News Source: www.al-monitor.com

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