Finance Bank in Beirut - any experience?

[EdwardW]

Hi All,

Anyone have experiences with Finance Bank in Beirut, Lebanon?
They claim to provide secrecy and not being member of the OECD or FATCA.

Thanks!

 

[Milky Moon]

Global Forum on Transparency and Exchange of Information for Tax Purposes - Organisation for Economic Co-operation and Development

 

[diablo]

The Convention is the most powerful instrument for international tax cooperation. It provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.
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So it's a no go for sure 😀 I guess it was a requirements from the rest of the world that they have been forced to comply to the reporting.

 

[EdwardW]

Milky Moon said:
Global Forum on Transparency and Exchange of Information for Tax Purposes - Organisation for Economic Co-operation and Development
Click to expand...

Thanks - very helpful

 

[Milky Moon]

Besides, if you want to bank in Lebanon, use Blom Bank, Bank Audi or Credit Lebanais (lowest deposit).