In “Little Alternative—Lebanon” (Money Laundering Bulletin, 8 April 2020), Ladan Archin, director at K2 Intelligence FIN, discusses the current risk landscape and potential outcomes for banks during Lebanon’s financial crisis. According to Ladan, one of the key risks to shutting down formal channels of money transfer is that money may be transmitted through informal channels, and thus used for illicit activity.
Read more in Money Laundering Bulletin (registration may be required).