Lebanon is resuming a long-awaited forensic audit to shed light on the financial disaster that mired the country in a crippling economic collapse. Lebanese President Michel Aoun signed a decree on September 1, 2021, to allocate 4.9 billion Lebanese lira (€2.7 million, $3.2 million) to global professional services firm Alvarez & Marsal (A&M) with the purpose of resuming an audit of Lebanon’s central bank (Banque Du Liban, BDL). A&M ceased the forensic audit in November 2020 due to obstruction and lack of cooperation from the BDL, with the latter hiding behind a banking secrecy law. The Lebanese Parliament lifted the law with respect to BDL …
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