BEIRUT: Lebanon’s acting central bank governor said on Thursday that his institution was still striving to prevent being placed on a “grey list” of countries under special scrutiny by a financial crime watchdog.
Being added to the Financial Action Task Force’s grey list would be another major blow to a country in financial tailspin since 2019, with depositors still locked out of most of their pre-crisis savings and many foreign corresponding banks shunning Lebanon’s financial system.
Reuters first reported in May 2023 that Lebanon had received a preliminary evaluation warranting grey-listing, with gaps in several categories including its anti-money laundering measures, transparency on beneficial ownership of firms and legal assistance in asset freezing and confiscation.
After the initial assessment, Lebanon was granted a year to address those gaps before a final ruling that is set to be announced at the FATF’s plenary in October of this year.
“The Financial Action Task Force (FATF) will issue a decision this coming fall and we are still working hard to prevent Lebanon from being placed on the grey list,” acting central bank governor Wissam Mansouri said, addressing a meeting of the Union of Arab Banks in Beirut.
Mansouri said Lebanon had received low scores on measures to confiscate illicit wealth or address money laundering, and that the country needed to develop an action plan to address the remaining gaps.
In 2023, a diplomatic source and a financial source familiar with the matter said that the central bank’s special investigations commission was lobbying FATF member states in a bid to change the score.
Being put on the FATF grey list could disrupt a country’s capital flows, according to the International Monetary Fund, with banks cutting ties to customers in high-risk countries to reduce compliance costs.
Such a listing also risks reputational damage, credit ratings adjustments, trouble obtaining global finance and higher transaction costs.
In Lebanon’s case, the listing would represent an indictment of the financial system at a painful time. The country has been slow to make progress on key reforms requested by the IMF in April 2022 as prerequisites for a deal with the fund. The economy has slowed further after more than 10 months of hostilities between armed group Hezbollah and the Israeli military in parallel with the Gaza war.
Lebanon central bank governor says ‘working hard’ to prevent grey-listing
https://arab.news/2b37y
Lebanon central bank governor says ‘working hard’ to prevent grey-listing
- Being added to the Financial Action Task Force’s grey list would be another major blow to a country in financial tailspin since 2019
Israel army says intercepted missile, drone launched from Yemen
- Israel’s emergency service provider, Magen David Adom, reported that it had treated several people who were injured or experienced panic attacks on their way to shelters
Jerusalem: Israel’s military reported that it shot down a missile and a drone launched from Yemen on Friday, the latest in a series of attacks from the country targeting Israel in recent weeks.
“A missile that was launched from Yemen and crossed into Israeli territory was intercepted,” the military said in a statement posted to its Telegram channel.
“A report was received regarding shrapnel from the interception that fell in the area of Modi’in in central Israel. The details are under review.”
Israel’s emergency service provider, Magen David Adom, reported that it had treated several people who were injured or experienced panic attacks on their way to shelters after air raid sirens sounded in the center and south of the country.
Hours later the military announced that it had also shot down a drone launched from Yemen.
The drone was intercepted before it entered Israel, the military added.
On Tuesday, Israel also said it had intercepted a missile launched from Yemen.
Much of Yemen is controlled by Iran-backed Houthi rebels, who have been firing missiles and drones at Israel — as well as at ships in the Red Sea and Gulf of Aden — in what they say is solidarity with Palestinians during the Israel-Hamas war in Gaza.
The Houthis have stepped up their attacks since November’s ceasefire between Israel and Iran-backed Hezbollah in Lebanon.
Israel has also struck Yemen, including targeting Sanaa’s international airport at the end of December.
24 killed as pro-Ankara factions clash with Syria’s Kurdish-led SDF
- The latest bout of fighting was sparked by attacks by the Turkiye-backed fighters on two towns south of Manbij, the Syrian Observatory for Human Rights said
- Swathes of northern Syria are controlled by the US-backed SDF, which spearheaded the fight that helped oust the Daesh group from its last territory in Syria in 2019
BEIRUT: At least 24 fighters, mostly from Turkish-backed groups, were killed in clashes with the Kurdish-led Syrian Democratic Forces (SDF) in the northern Manbij district, a war monitor said on Thursday.
The violence killed 23 Turkish-backed fighters and one member of the SDF-affiliated Manbij Military Council, the Syrian Observatory for Human Rights said.
The Britain-based war monitor said the latest bout of fighting was sparked by attacks by the Ankara-backed fighters on two towns south of Manbij.
Swathes of northern Syria are controlled by a Kurdish-led administration whose de facto army, the US-backed SDF, spearheaded the fight that helped oust the Daesh group from its last territory in Syria in 2019.
Turkiye accuses the main component of the SDF, the People’s Protection Units (YPG), of being affiliated with the militant Kurdistan Workers’ Party (PKK), which both Washington and Ankara blacklist as a terrorist group.
Fighting has raged around the Arab-majority city of Manbij, controlled by the Manbij Military Council, a group of local fighters operating under the SDF.
According to the Observatory, “clashes continued south and east of Manbij, while Turkish forces bombarded the area with drones and heavy artillery.”
The SDF said it repelled attacks by Turkiye-backed groups south and east of Manbij.
“This morning, with the support of five Turkish drones, tanks and modern armored vehicles, the mercenary groups launched violent attacks” on several villages in the Manbij area, the SDF said in a statement.
“Our fighters succeeded in repelling all the attacks, killing dozens of mercenaries and destroying six armored vehicles, including a tank.”
Turkiye has mounted multiple operations against the SDF since 2016, and Ankara-backed groups have captured several Kurdish-held towns in northern Syria in recent weeks.
The fighting has continued since rebels led by Islamist group Hayat Tahrir Al-Sham (HTS) toppled longtime ruler Bashar Assad on December 8.
King Charles donates to International Rescue Committee’s Syria aid operation
- Donation will fund healthcare, protect children, provide emergency cash
LONDON: King Charles III has helped pay for urgent humanitarian aid needed in Syria after the fall of Bashar Assad.
Charles made an undisclosed donation to International Rescue Committee UK to fund healthcare, protect children and provide emergency cash.
The king is the patron of the charity, which says Syria is facing profound humanitarian needs despite the defeat of the Assad regime by opposition forces.
Khusbu Patel, IRC UK’s acting executive director, said: “His Majesty’s contribution underscores his deep commitment to addressing urgent global challenges, and helping people affected by humanitarian crises to survive, recover and rebuild their lives.
“We are immensely grateful to His Majesty The King for his donation supporting our work in Syria. This assistance will enable us to provide essential services, including healthcare, child protection and emergency cash, to those people most in need.”
The charity said it was scaling-up its efforts in northern Syria to evaluate the urgent needs of communities. Towns and villages have become accessible to aid groups for the first time in years now that rebel forces have taken control of much of the country.
The charity said Syria ranks fourth on its emergency watchlist for 2025 and a recent assessment found that people in the northeast of the country were facing unsafe childbirth conditions, cold-related illnesses, water contamination, and shortages of medical supplies.
Charles last month said he would be “praying for Syria” as he attended a church service in London attended by various faiths.
The king met Syrian nun Sister Annie Demerjian at the event, who described the situation in her homeland after the regime had been swept from power.
Israel strikes Syrian army positions near Aleppo: monitor
- Syrian Observatory for Human Rights said the strikes targeted defense and research facilities
BEIRUT: Israel bombed Syrian army positions south of Aleppo on Thursday, the latest such strikes since the overthrow of longtime strongman Bashar Assad, a war monitor and local residents said.
Residents reported hearing huge explosions in the area, while the Syrian Observatory for Human Rights said the strikes targeted defense and research facilities.
The observatory said that “at least seven massive explosions were heard, resulting from an Israeli airstrike on defense factories... south of Aleppo.”
There was no immediate information on whether the strikes caused any casualties.
Syrian state TV also reported about an Israeli strike in Aleppo without providing details.
A resident of the Al-Safira area told AFP on condition of anonymity: “They hit defense factories, five strikes... The strikes were very strong. It made the ground shake, doors and windows opened — the strongest strikes I ever heard... It turned the night into day.”
Since opposition forces overthrew Assad in early December, Israel has conducted hundreds of strikes on Syrian military assets, saying they are aimed at preventing military weapons from falling into hostile hands.
After Ocalan visit, Turkiye opposition MPs brief speaker, far-right leader
ISTANBUL: A delegation from Turkiye’s pro-Kurdish opposition DEM party met Thursday with the parliamentary speaker and far-right MHP leader amid tentative efforts to resume dialogue between Ankara and the banned PKK militant group. DEM’s three-person delegation met with Speaker Numan Kurtulmus and then with MHP leader Devlet Bahceli.
The aim was to brief them on a rare weekend meeting with Abdullah Ocalan, the jailed founder of the Kurdistan Workers’ Party who is serving life without parole on Imrali prison island near Istanbul.
It was the Ocalan’s first political visit in almost a decade and follows an easing of tension between Ankara and the PKK, which has waged a decades-long insurgency on Turkish soil and is proscribed by Washington and Brussels as a terror group.
The visit took place two months after Bahceli extended a surprise olive branch to Ocalan, inviting him to parliament to disband the PKK and saying he should be given the “right to hope” in remarks understood to moot a possible early release.
Backed by President Recep Tayyip Erdogan, the tentative opening came a month before Syrian rebels began a lightning 12-day offensive that ousted Bashar Assad in a move which has forced Turkiye’s concerns about the Kurdish issue into the headlines.
During Saturday’s meeting with DEM lawmakers Sirri Sureyya Onder and Pervin Buldan, Ocalan said he had “the competence and determination to make a positive contribution to the new paradigm started by Mr.Bahceli and Mr.Erdogan.”
Onder and Buldan then “began a round of meetings with the parliamentary parties” and were joined on Thursday by Ahmet Turk, 82, a veteran Kurdish politician with a long history of involvement in efforts to resolve the Kurdish issue.
