The Lebanese Central Bank issued on July 14, 2025 basic decision no. 13735 under basic circular no. 170 directed to banks, financial institutions, and all licensed financial intermediaries whereby it prohibited them from dealing (directly or indirectly, partially or completely) with unlicensed exchange bureaus, money transfer companies, associations and organizations such as Al-Qard Al-Hassan Association, Tasheelat Company LLC, Al-Yusr Finance and Investment Company, Bayt Al-Mal Lil Muslimeen, and any other institutions, associations, companies, entities, or organizations listed on the international sanctions’ list. These restrictions include:

1)    Providing financial or monetary services, transfers, or intermediation

2)    Arranging financing, leasing, or lending deals

3)  Facilitating the direct or indirect access to the Lebanese banking system in any currency to any of the aforementioned entities

The circular noted that any failure to abide by the provisions of the BDL decision could result in legal actions that could lead to suspension or withdrawal of the license, freezing of accounts and assets, and the referral to the Special Investigation Commission. Finally, the circular commented that BDL will take all the necessary administrative and legal actions to enforce the abidance by the provisions of the circular.