Lebanon Takes Aim at Financial Crime: Special Investigation Commission Head Speaks Out on Threats and Pressures
A Rare Interview with Abdul Hafiz Mansour
In a rare interview, Abdul Hafiz Mansour, head of Lebanon’s Special Investigation Commission (SIC), shares his insights on the daunting task of tackling financial crime in the country. As the nation’s anti-money laundering unit, the SIC has made significant strides in combating illicit funds, freezing over 60 bank accounts and investigating hundreds of suspicious transactions last year alone.
The Challenges of Fighting Financial Crime
Despite his tough stance against financial criminals, Mansour revealed that he often faces threats due to his line of work. “Sometimes the nature of the business puts you through situations,” he said cautiously when asked if he experiences pressure as a result of his position. The SIC head’s reluctance to elaborate on the matter only serves to underscore the gravity of the situation.
A Respected Leader in the Region
Mansour, known for his no-nonsense approach to fighting financial crime, was recently in Dubai attending a conference dedicated to the issue in the Middle East and north Africa. As the head of the region’s first anti-money laundering unit, he is widely respected by regulators, lawyers, and bank compliance officers from across the area.
The SIC’s Success Story
The SIC’s success is all the more impressive given that anti-money laundering laws are still relatively young in Lebanon, having been established just 20 years ago. Despite this, Mansour remains committed to his mission, undeterred by the challenges and threats that come with it.
Key Achievements of the SIC
• Frozen over 60 bank accounts • Investigated hundreds of suspicious transactions last year alone
Conclusion
Mansour’s determination to combat financial crime in Lebanon is a testament to the importance of this issue. Despite the threats and pressures he faces, he remains committed to his mission, working tirelessly to protect the country from illicit funds.