FATF’s Gray list: Justice Ministry begin major steps

What if the path toward certain long-awaited financial reforms depended on justice? While the most prominent of these reforms — starting with those related to banking restructuring, capital controls, and central bank governance — remain contingent on the upcoming appointment of the next central bank governor, others, less publicized but equally crucial for the country, could be boosted following a recent decision by the new Justice Minister, Adel Nassar. On Feb. 20, he tasked tax lawyer Karim Daher with forming an internal advisory committee responsible for overseeing the implementation of necessary reforms to help Lebanon exit the gray list of the Financial Action Task Force (FATF), which identifies countries deemed insufficiently cooperative in the fight against money laundering and terrorist financing. Read more IMF and Lebanon: 5...