Banque Du Liban special investigation commission confirmed that the data and analyzes regarding the inclusion of Lebanon on the financial gray list are not based on facts.
The commision explaining that the mutual evaluation report of Lebanon was discussed and approved during the meetings of the working groups and the 36th plenary meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF), which concluded its work yesterday in Bahrain.
The authority stated - in a statement today - that the adoption of this report comes as a result of a long process that extended for 16 months, during which, under difficult circumstances, the Lebanese Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) was evaluated in accordance with the Financial Action Task Force (FATF) methodology adopted to evaluate all countries.
It added that the Lebanon report identifies the gaps that must be addressed, and will also show the positive aspects of the anti-money laundering and terrorist financing system in Lebanon, which will require Lebanon to take corrective measures to address the identified gaps, provided that it is submitted to the MENAFATF follow-up report over the next year.
The Authority indicated that, according to the applicable procedures, the approved report will be published in June, after which the Central Bank will issue an official statement regarding it.
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