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LATEST: FATF to greylist Lebanon this week, confirmation expected Friday

BEIRUT: A view of Lebanon's capital, Beirut - once the financial capital of the Middle East. PHOTO: Stephen Rae

By Maya Gebeily and Timour Azhari

Lebanon is set to be placed on a grey list of countries under special scrutiny by a financial crime watchdog at the end of this week, despite requests from Lebanese officials for leniency, four people familiar with the proceedings said on Monday.

Central bank governor Wassim Mansouri said in August he was working to keep Lebanon off the Financial Action Task Force’s (FATF) grey list, which is likely to be a further deterrent to investment in the country.

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