Man walking among the war destruction in Nabatieh, Lebanon. (Credit: Mohammad Yassin).
-Lebanon is back on the “grey list” of the Financial Action Task Force (FATF) eight years after being removed from it. The country has now been placed under “enhanced surveillance” due to its shortcomings in fighting money laundering and terrorism financing. - According to numbers pulled by the ITFL from the Lebanese Institute for Market Studies (LIMS), direct losses incurred to date from Israel’s war on Lebanon are estimated at $13 billion – or 70 percent of Lebanon’s 2023 GDP – while a prolonged conflict could push the bill to over $20 billion.The current violence is expected to lead to a sharp long-term disruption of activity across all sectors, and mostly in agriculture, tourism and industry and construction. The war has also led to the disruption and destruction of about 50,000 registered businesses, or 60 percent of overall...
-Lebanon is back on the “grey list” of the Financial Action Task Force (FATF) eight years after being removed from it. The country has now been placed under “enhanced surveillance” due to its shortcomings in fighting money laundering and terrorism financing. - According to numbers pulled by the ITFL from the Lebanese Institute for Market Studies (LIMS), direct losses incurred to date from Israel’s war on Lebanon are estimated at $13 billion – or 70 percent of Lebanon’s 2023 GDP – while a prolonged conflict could push the bill to over $20 billion.The current violence is expected to lead to a sharp long-term disruption of activity across all sectors, and mostly in agriculture, tourism and industry and construction. The war has also led to the disruption and destruction of about 50,000 registered businesses, or 60 percent of...
Humanitarian convoy reaches Rmeish, Ain Ibl, Dibil despite obstacles