Corruption allegations lead US, UK, and Canada to sanction Lebanon’s former central bank governor.


The United States, United Kingdom, and Canada have jointly enforced sanctions against Riad Salameh, the former central bank governor of Lebanon, as well as several individuals closely linked to him. These sanctions stem from severe accusations of corruption and misconduct. The U.S. Treasury Department, in an announcement on Thursday, unveiled that Salameh is accused of exploiting his authoritative position to amass personal wealth and benefit his inner circle.

Riad Salameh, aged 73, concluded his three-decade tenure on July 31, amid a cloud of scrutiny and culpability for his nation's profound economic turmoil. His departure was closely shadowed by ongoing investigations and a mounting blame for the unprecedented financial crisis that plagued his country.

The gravity of the situation has prompted international jurisdictions to delve into Salameh's activities. France, Germany, and Luxembourg are all actively scrutinizing him and his associates for their involvement in financial offenses, including charges of illicit enrichment and a vast money laundering operation amounting to $330 million. This multilateral investigation led to the issuance of Interpol alerts for Salameh by both Paris and Berlin in May.

The imposition of sanctions by the United States, United Kingdom, and Canada underscores the global consensus on combating corruption and financial malpractice. It serves as a pivotal step in holding individuals accountable for their alleged misdeeds, even when those individuals hold high-ranking positions. The collaborative efforts to address corruption on an international scale affirm the commitment to upholding the principles of transparency, accountability, and ethical governance.