South Africa Moves Closer to Exiting Dirty-Money List in October

dailynewslb.com

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Last October, the Financial Action Group to Combat Money-laundering and the Financing of Terrorism placed Lebanon on the list of highly controlled states, known as the Gray Regulation, after it identified gaps in the country's anti-money-laundering and terrorist financing regime. The group agreed with the Lebanese authorities to implement ten basic measures to remove Lebanon's name from this list, and the government has already begun to take ste…

OlarteMoure

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Several countries have recently strengthened their measures to combat asset-laundering and the financing of terrorism. In June, the European Commission updated its list of non-cooperating jurisdictions — known as the “grey list” — which brings together those territories with strategic deficiencies in preventing these illicit activities. The update included countries such as Algeria, Angola, Kenya, Monaco and Venezuela, and removed Barbados, Gibr…