The Central Bank of Libya has announced that it discussed the risks arising from the continued failure to adopt the draft law on combating money laundering and terrorist financing. This means the lack of a legislative framework that complies with international standards and recommendations, and the potential repercussions this could have on the country's financial and economic system. This came during the first regular meeting of the National Committee for Combating Money Laundering and Terrorist Financing for 2026, held at the bank's headquarters. The committee discussed initiatives aimed at strengthening preventive controls and protecting the financial system. The meeting also reviewed updates on the implementation of the National Strategy for Combating Money Laundering and the measures taken in preparation for the international mutual evaluation process to which the country will be subject.

Source: Libya Observer April 11, 2026 16:09 UTC