13 Hrs
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التيار الوطني الحر
Source: التيار الوطني الحر
13 Hrsالتيار الوطني الحر
Source: التيار الوطني الحر
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MP Farid Boustany called for accelerating financial, legislative, and oversight reforms to remove Lebanon from the Financial Action Task Force’s grey list. He warned that remaining on the list damages the country’s reputation, makes financial dealings with the outside world more difficult, and raises the cost of transfers. He said the reforms must be implemented in practice by updating laws, strengthening the independence of oversight bodies, and applying legislation equally to everyone. He described the increase in withdrawals under Banque du Liban circulars as a positive step, but said it was insufficient and unfair because it does not treat depositors equally or account for inflation. He stressed the need to find solutions to restore deposits and protect depositors’ rights.
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