Lebanon faces grey-listing by financial crime watchdog.

Lebanon is likely to be placed on the "grey list" of countries under special scrutiny over unsatisfactory practices to prevent money laundering and terrorism financing, according to sources familiar with the matter. The country's economy was evaluated by the Middle East and North Africa section of the Financial Action Task Force, which found that Lebanon was only partially compliant in several categories, including anti-money laundering measures and transparency on beneficial ownership of firms. Being put on the FATF grey list could disrupt a country's capital flows, risk reputational damage, credit ratings adjustments, trouble obtaining global finance, and higher transaction costs.