Acting Governor of the Banque du Liban (BDL), Wassim Manssouri, during a press conference in Beirut, August 2023. (AFP file photo)
Since the start of the week, the acting governor of Banque du Liban (BDL), Wassim Mansouri, has been holding meetings in Washington with officials from the U.S. Treasury and State Department, in addition to influential members of Congress and representatives of the International Monetary Fund and World Bank. Mansouri is seeking their support to avoid placing Lebanon on the gray list of the Financial Action Task Force (FATF), the money laundering and terrorist financing watchdog. Read also Economic news recap: Here’s what happened last week in Lebanon Eight years after being removed from the list of countries deemed deficient in their efforts and under increased monitoring by the FAFT, re-listing Lebanon would complicate money transfers to and from the country. The few correspondent banks that continue to deal with the Lebanese...
Since the start of the week, the acting governor of Banque du Liban (BDL), Wassim Mansouri, has been holding meetings in Washington with officials from the U.S. Treasury and State Department, in addition to influential members of Congress and representatives of the International Monetary Fund and World Bank. Mansouri is seeking their support to avoid placing Lebanon on the gray list of the Financial Action Task Force (FATF), the money laundering and terrorist financing watchdog. Read also Economic news recap: Here’s what happened last week in Lebanon Eight years after being removed from the list of countries deemed deficient in their efforts and under increased monitoring by the FAFT, re-listing Lebanon would complicate money transfers to and from the country. The few correspondent banks that continue to deal with the Lebanese...
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