LEBANON STRUGGLES TO PRESERVE ITS AML REPUTATION AMIDST US REGULATIONS AND THE SYRIA CONFLICT
October 2nd, 2013
Given its location, political actors and recent history, Lebanon has long been under the international regulatory spotlight. The US Treasury's fingering of the Lebanese Canadian Bank in 2011 for money laundering concerns rocked its financial sector. Beirut has since been scrambling to address any short-comings, while at the same time dealing with sanctions on neighbouring Syria.These trials are trying given it was just over a decade ago that Lebanon had itself struck off the Financial Action Task Force's (FATF) blacklist. A financial intelligence unit, the ...
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