O Finance is fully committed to upholding the highest standards of compliance, financial crime prevention and integrity in all of its operations in accordance with Lebanese laws and regulations, including all related directives and circulars issued by the Banque du Liban and the Special Investigation Commission as well as recognized industry standards.
The Anti-Money Laundering and Counter-Terrorist Financing framework is based on a robust risk-based approach and incorporates a stringent Know Your Customer (KYC), the Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), sanctions and watchlist screening, and continuous monitoring of lending activity and customer behavior. These controls rely on industry-recognized tools trusted by competent authorities and multinational institutions, enabling the timely identification, assessment, and mitigation of financial crime risks, including fraud, money laundering, and misuse of credit facilities.
Compliance at O Finance is overseen by an independent Compliance function that operates separately from business activities. The function reports directly to Senior Management and the Board of Directors, which is chaired by an independent board member, ensuring effective oversight, independence, and escalation.
The compliance and financial crime prevention framework is subject to continuous review, testing, and enhancement to address emerging risks, regulatory developments, and supervisory expectations.
Together, these measures demonstrate O Finance’s commitment to integrity, regulatory compliance, and the effective prevention of financial crime.
