FATF

Money Laundering: Efforts to Remove Lebanon from the Grey List

Liliane Mokbel, 03/03 14:00 - Reading : 3 minute(s)

Central Bank of Lebanon International Monetary Fund Hezbollah FATF Terrorism Money laundering

The arrest this weekend of a passenger carrying $2.5 million in cash at Beirut’s International Airport marks an important step in the fight against the illegal transport of currency. This action underscores the Lebanese authorities' commitment to tightening controls and curbing such practices. Under the supervision of General Fadi Kfoury, the ...

FATF: Lebanon Could Be Granted a Grace Period

Liliane Mokbel, 2024-10-20 16:52 - Reading : 3 minute(s)

FATF GREY LIST Banking

According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...

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