Libya Enhances Anti-Money Laundering Measures

Libya has intensified its efforts to combat financial crimes by convening the National Committee for Combating Money Laundering and Terrorist Financing in Tripoli. Chaired by Central Bank Governor Naji Mohammed Issa, the committee assessed the implementation of the national strategy and preparations for an upcoming mutual evaluation process. Concerns were raised over the absence of a comprehensive law aligned with international standards, which could expose the country to significant financial risks. Despite these challenges, the committee is advancing measures to reinforce preventive controls and safeguard the financial system's integrity.