Live Update 
From the Liveblog of
Friday, October 25, 2024
From the Liveblog of
Friday, October 25, 2024
Lebanon has been placed on financial crime watchlist, international body says
Lebanon has been placed on a so-called ‘grey list’ of countries under special scrutiny by the Financial Action Task Force (FATF), the financial crime watchdog says, despite requests for leniency from Lebanese officials.
The FATF says Lebanon has made progress on several recommended actions and will continue to implement reforms.
Lebanon has been in a financial crisis since 2019 and faces crisis amid the conflict between Israel and Hezbollah. The grey listing is likely to further deter investment and could impact the links between some Lebanese banks and the global financial system.
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