Financial Action Task Force Retains Lebanon on its Grey List
Lebanon was officially placed on Financial Action Task Force (FATF) Grey List in October 2024 after a one-year grace period to implement the required actions related to combat money laundering and terrorist financing (AML & TF). In the given grace period, Central Bank of Lebanon (BDL) and the commercial banks implemented the needed actions, while the State didn’t. In this article, we will list the tasks that Lebanon didn’t do that resulted in listing Lebanon on Grey List. In addition, we will discuss the latest updates on this situation along with the economic outcomes related to it.
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