Libyan committee reviews FATF compliance and risks to financial system
The meeting, chaired by Central Bank Governor Nagy Issa, brought together representatives from various relevant national institutions.
Discussions focused on Libya's preparedness for the upcoming mutual evaluation by the Financial Action Task Force (FATF).
The committee reviewed international reports assessing the Libyan situation and highlighted the risks to the country's financial system stemming from the lack of a comprehensive legislative framework that meets global standards for anti-money laundering and counter-terrorism financing.
Participants also examined reports from international counterparts concerning money laundering and terrorism financing activities linked to Libya.
Additionally, the committee reviewed the progress of the team responsible for implementing the national strategy, discussed key challenges and obstacles, and explored the necessary steps to effectively meet the strategic goals in this critical domain. Economy Tagged: Financial Action Task Force
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