Lebanon Confronts FATF Final Test

Lebanon will face a critical test in the Financial Action Task Force (FATF) meetings in October, assessing its ability to implement financial reforms and combat money laundering and terrorist financing. The biggest challenge is delivering tangible results, such as judicial investigations, convictions, and the drying up of illegal funding channels, to demonstrate that the state has genuinely regained control over financial oversight. Failure to make progress could result in Lebanon remaining on the grey list or being moved to the black list, which would increase scrutiny from banks and international institutions and negatively impact the reputation of the Lebanese financial system and its rebuilding prospects. Conversely, if the government produces clear and tangible results, the risks could be reduced, and the current situation may improve. Achieving this, however, requires serious and concrete efforts from Lebanon during a time when "Qard Hassan" (interest-free loans) and informal funding issues remain sensitive factors that determine the stability of the financial system.

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