Global anti-money laundering watchdog FATF has added Lebanon, along with Algeria, Angola, and Ivory Coast, to its 'grey list' of nations subject to increased monitoring of financial transactions. The move comes as Lebanon is being targeted by Israeli airstrikes. The grey listing is not a punitive measure but aims to help nations develop action plans for improvements. Lebanon has been enduring a severe economic collapse since late 2019, and political deadlock has left the country without a president for almost two years. Senegal was removed from the grey list, while Iran, Myanmar, and North Korea remain on the black list.
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Original article source: https://www.timesofisrael.com/global-anti-money-laundering-watchdog-adds-lebanon-to-grey-list/
Source Id: 2024-10-526396121