Tag Archives | money laundering

Combatting Corruption and Money Laundering in Libya

EU launches joint project to prevent and combat corruption and money laundering The European Union, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the United Nations Interregional Crime and Justice Research Institute (UNICRI), is launching a new project entitled "Building Libya's National Capacity to Prevent and Combat Corruption and Money […]

Central Bank Governor meets Tunisian Counterpart

By John Lee. The Governor of the Central Bank of Libya (CBL), Saddek Omar Elkaber, met with Marwan Alabasi, Governor of the Central Bank of Tunisia last week in Tunis to discuss ways of improving cooperation and between the two institutions, specifically in the fields of anti-money-laundering (AML) and terrorism financing. This was the first […]

Libya Removed from Terror-Financing Watchlist

By John Lee. The Financial Action Task Force (FATF) has reportedly removed Libya from its list of countries unable to fight money laundering and terrorism financing. Xinhua quotes the Central Bank of Libya (CBL) as saying: "[This] achievement means FATF's approval to Libya complying with all the requirements and obligations to combat money laundering and […]

IMF Comments in Dinar Devaluation

By John Lee. A new report from the International Monetary Fund (IMF) has said that the ongoing conflict in Libya has caused sharp depreciations in parallel exchange rates, reflecting security concerns and foreign exchange shortages. In its Regional Economic Outlook for the Middle East, the IMF adds that the country has improved regarding compliance with […]

CBL Tackles Money Laundering, Terrorism Financing

A workshop on Systems and Methods on Combating Money Laundering and Terrorism Financing The Central Bank of Libya (CBL) arranged a workshop on 5th of September 2016 on systems and methods on combating money laundering and terrorism financing in cooperation with the Public Prosecutor’s Office. Research papers on money laundering were presented as an example […]