Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group

  • Move follows UK order for banks to pay $4 mln to claimant
  • Financial system paralysed since 2019 by crisis
  • UK embassy says ‘unfortuate situation’ shows need for reform

BEIRUT, March 4 (Reuters) – Lebanon’s Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors’ union said.

The Feb. 28 order requiring Bank Audi and its peer SGBL to transfer $4 million is the first UK ruling obliging Lebanese banks to transfer dollars out