Lebanon's addition to the FATF grey list highlights the country's ongoing financial crisis since 2019 and raises concerns about its international financial relations.
Elisa de Anda Madrazo emphasized that being placed on the grey list is not a punitive action, but a part of a constructive process aiding nations in reform implementation.
The FATF acknowledged Lebanon's progress on recommended actions, while noting the impacts of both political leadership failures and external pressures on its economy.
The grey-listing could be detrimental to investments in Lebanon, potentially affecting the relationships of Lebanese banks with the global financial system.
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