The Lebanese Central Bank issued on November 14, 2025 basic decision no. 13769 under basic circular no. 3 directed to non-banking financial institutions (NBFIs) whereby it tightened the grip on their operations in an endeavor to curb the misuse of the financial system in high-risk operations and other illicit activities aimed at concealing the origin of funds and the identities of beneficiaries. BDL first defined NBFIs as companies that conduct cash operations and are subject to its supervision including financial institutions, credit counters, money exchange institutions, companies providing electronic cash transfer (internal & external) services, and institutions securing electronic wallet services. The circular requested NBFIs to fill an exhaustive list of Know Your Customer (KYC) information on every cash operation that exceeds $1,000 bearing in mind that the previous threshold was $10,000. NBFIs are also required to store all the required information on each concerned transaction and to send it electronically in an encrypted manner to BDL within two business days from the date of the transaction. Non-compliant institutions will be subjected to the penalties listed under article 208 of the code of money and credit.