BDL announced on July 14 that it penned an agreement with K2 Integrity (a US based company specializing in global risk management, compliance, and financial investigations) to assist it in halting the expansion of the Lebanese cash economy and combatting illicit & fraudulent activities. According to BDL’s announcement, this agreement will help remove Lebanon from the Financial Action Task Force’s grey list as K2 Integrity will provide the needed technical support and consultancy that need to be adopted and implemented in an attempt to improve the country’s Anti-Money Laundering and Counter Terrorism Financing regulations. BDL will rely on the expertise of K2 Integrity to prepare a business plan that identifies regulatory gaps and close organizational gaps with the objective of restoring confidence in the Lebanese financial system on both the local and international fronts.