Salameh lauds Lebanon’s resilience. (The Daily Star/Mohammad Azakir)
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International correspondent banks and depositors will be the first to rejoice following an announcement by a financial watchdog that Lebanon is no longer under the surveillance, bankers said Monday.The Financial Action Task Force Sunday announced that Lebanon has fully complied with all requirements to combat money laundering and terrorism financing.Central Bank Governor Riad Salameh declared that the FATF, an international standard-setting body against money laundering and terrorist financing, has issued a final statement in which it asserts that Lebanon complies with all the legal and implementation requirements in terms of fighting money laundering, terrorist financing and weapons of mass destruction, and that it will not be submitted to any surveillance or follow-up.
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