In October 2024, Lebanon was added to the list of jurisdictions subject to increased monitoring by the Financial Action Task Force.

Whilst Lebanon had made important progress in its efforts to combat money laundering and financial crimes since the adoption of its MER in May 2023, the country still faced challenges on AML/CFT, compounded by the country’s challenging social, economic and security situation.

As of October 2024, Lebanon made a high-level political commitment to work with the FATF and MENAFATF to strengthen the effectiveness of its AML/CFT regime. It has made progress on several of the MER’s recommended actions and has applied measures to its financial sector, including through issuing a circular for banks and financial institutions to establish a department dedicated to combating bribery and corruption related crimes and guidance on politically exposed persons, while taking measures against unlicensed financial activity (according to the FATF website)

In June 2025, the EU Global Facility on AML/CFT conducted its very first on-site activity to the new partner country, where it delivered a workshop in collaboration with TAIEX.