Lebanon added to FATF's "grey list" for increased financial monitoring amid economic turmoil and military actions.

Lebanon has been added to the Financial Action Task Force's (FATF) "grey list," indicating it requires increased financial monitoring amid ongoing economic turmoil and Israeli military actions. The grey-listing, while not punitive, may further deter international investment and impact Lebanon's banking connections. Despite some progress in reforms, the country faces significant challenges, with a deadline extended to 2026 for addressing identified issues.

October 25, 2024
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