News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
18
o
Mount Lebanon
18
o
Metn
19
o
Keserwan
19
o
North
22
o
South
18
o
Bekaa
15
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Lebnan bi Ossa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
18
o
Mount Lebanon
18
o
Metn
19
o
Keserwan
19
o
North
22
o
South
18
o
Bekaa
15
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Financial wake-up call: Has Lebanon officially been placed on the gray list?
News Bulletin Reports
2023-05-25 | 12:00
High views
Share
Share
2
min
Financial wake-up call: Has Lebanon officially been placed on the gray list?
The Financial Action Task Force (FATF), a global financial watchdog, classifies countries into three lists: white, gray, and black.
The white list refers to countries that are actively combating money laundering.
The gray list indicates countries deemed ineffective and requiring international institutions' supervision.
On the other hand, the black list includes well-known countries that do not cooperate, such as Iran, North Korea, Myanmar, and those isolated from the global financial system.
So, has Lebanon fallen into the gray list?
According to sources following the FATF meeting in Bahrain, Lebanon will be given a one-year grace period to improve its situation and avoid being officially placed on this list.
There are two essential points that Lebanon needs to work on, according to the sources:
Firstly, implementing measures to regulate the cash economy, such as tightening controls on money entering banks sources.
Secondly, expediting judicial proceedings against suspected money launderers.
These are technical aspects, but this opportunity also carries a political dimension. According to the sources, there is pressure from US authorities to prevent the collapse of the Lebanese banking sector and maintain the relationship between Lebanon and US correspondent banks, which facilitate dollar transfers and imports to and from Lebanon. This means monitoring the amount and movement of dollars.
While Lebanon may have avoided being placed on the gray list, it is a new opportunity among many required reforms, with transparency being the most important.
Lebanon News
News Bulletin Reports
Financial
Wake-up
Call
Lebanon
Official
Placed
Gray
List
Next
The Iranian Response: Awaiting Retaliation Amidst Escalating Tensions
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:30
Tackling online harassment: Protecting children in the digital world
News Bulletin Reports
12:30
Tackling online harassment: Protecting children in the digital world
0
News Bulletin Reports
12:25
A voice for Palestine: Pro-Palestinian protesters continue their movement in US universities
News Bulletin Reports
12:25
A voice for Palestine: Pro-Palestinian protesters continue their movement in US universities
0
News Bulletin Reports
12:24
Deadline set: Israel gives Hamas one week to respond to prisoner exchange proposal
News Bulletin Reports
12:24
Deadline set: Israel gives Hamas one week to respond to prisoner exchange proposal
0
News Bulletin Reports
2024-05-03
Normalization agreement nears: Will Saudi-Israeli normalization materialize soon?
News Bulletin Reports
2024-05-03
Normalization agreement nears: Will Saudi-Israeli normalization materialize soon?
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Variety and Tech
2023-07-20
From Beirut to Venice: Lebanon's Mounira Al Solh to grace La Biennale di Venezia
Variety and Tech
2023-07-20
From Beirut to Venice: Lebanon's Mounira Al Solh to grace La Biennale di Venezia
0
Lebanon News
2024-02-24
Artillery shelling strikes outskirts of Rachaya Al-Fakhar
Lebanon News
2024-02-24
Artillery shelling strikes outskirts of Rachaya Al-Fakhar
0
Middle East News
2024-04-23
Iranian foreign minister calls EU sanctions 'regrettable'
Middle East News
2024-04-23
Iranian foreign minister calls EU sanctions 'regrettable'
0
News Bulletin Reports
2024-05-03
Worldwide protests: University campuses echo with support for Palestine
News Bulletin Reports
2024-05-03
Worldwide protests: University campuses echo with support for Palestine
Videos
d-none hideMe
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
05:39
Israeli airstrike kills three in southern Lebanon
Lebanon News
05:39
Israeli airstrike kills three in southern Lebanon
2
News Bulletin Reports
12:24
Deadline set: Israel gives Hamas one week to respond to prisoner exchange proposal
News Bulletin Reports
12:24
Deadline set: Israel gives Hamas one week to respond to prisoner exchange proposal
3
Israel-Gaza War Updates
03:30
Hamas leader says movement won't accept truce without 'permanent halt to war' in Gaza
Israel-Gaza War Updates
03:30
Hamas leader says movement won't accept truce without 'permanent halt to war' in Gaza
4
News Bulletin Reports
12:30
Tackling online harassment: Protecting children in the digital world
News Bulletin Reports
12:30
Tackling online harassment: Protecting children in the digital world
5
Lebanon News
07:17
Hezbollah launches 'dozens' of rockets on northern Israel in response to civilian deaths in southern Lebanon
Lebanon News
07:17
Hezbollah launches 'dozens' of rockets on northern Israel in response to civilian deaths in southern Lebanon
6
Middle East News
10:18
Israel halts Al Jazeera broadcasts
Middle East News
10:18
Israel halts Al Jazeera broadcasts
7
Middle East News
08:09
Israeli government orders confiscation of Al Jazeera's equipment following decision to shut it down
Middle East News
08:09
Israeli government orders confiscation of Al Jazeera's equipment following decision to shut it down
8
News Bulletin Reports
12:25
A voice for Palestine: Pro-Palestinian protesters continue their movement in US universities
News Bulletin Reports
12:25
A voice for Palestine: Pro-Palestinian protesters continue their movement in US universities
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More