Lebanon vows to take steps to fix finance sector deficiencies, avoid ‘grey listing’

Lebanon vows to take steps to fix finance sector deficiencies, avoid ‘grey listing’

BEIRUT

Lebanon will work over the next year to address “deficiencies” in policing corruption identified by a financial crime watchdog, the country’s financial intelligence unit said on Friday.

The Special Investigation Commission said in a statement it “discussed and adopted” an evaluation report by the Middle East and North Africa Financial Action Task Force (MENAFATF) during the body’s plenary this week in Bahrain.