The mitigation of money laundering risks plays an important role in assisting the Central Bank of Lebanon in achieving its objectives of preserving market confidence and promoting and maintaining the efficiency, transparency and integrity of the Lebanese financial sector. Also, it aims to deter criminals from using the products, services and network of Bank of Beirut for laundering the proceeds of their crimes.

The Common Reporting Standard (CRS) is a global framework for the automatic exchange of financial information between jurisdictions that have agreed to its adoption (to date, over 100 countries have committed to CRS).