Special Investigation Commission (SIC)

The Law 318 on Fighting Money Laundering of 20 April 2001 established the Special Investigation Commission (SIC) for fighting money laundering as an independent legal entity with judicial status at Banque du Liban. The SIC, Lebanon's Financial Intelligence Unit (FIU) has the exclusive right to lift banking secrecy for use by competent judicial authorities and the Higher Banking Commission.

The Commission receives, analyzes, investigates suspicious transaction reports (STRs) and ensures compliance of banks, financial institutions and other reporting entities with pertinent AML/CFT regulations.