Central Bank of Libya Governor Fauzi Misbah Abokhzam discussed fiscal sustainability, public financial management and financial crime controls with UK Ambassador to Libya Martin Alexander Reynolds. Reynolds expressed readiness to provide technical assistance, particularly for cybersecurity and staff training.
Policy & regulationReform agendas & prioritiesAML and CFTBribery and corruptionCyber resilience
Central Bank of Libya Governor Fauzi Misbah Abokhzam outlined priorities for improving public financial management, strengthening fiscal sustainability and addressing financial crime during a November 9, 2026, meeting with Martin Alexander Reynolds, the United Kingdom’s ambassador to Libya. Reynolds expressed UK support for those priorities and readiness to provide technical assistance, particularly in cybersecurity and training the bank’s technical personnel.
Abokhzam reaffirmed the bank’s focus on strengthening compliance, developing anti-money laundering and counter-terrorist financing frameworks, and combating corruption. These priorities align with concerns raised by the National Committee for Combating Money Laundering and Terrorism Financing in April 2026, when it warned that delays in adopting a draft law left Libya without a legislative framework aligned with international standards.
The Central Bank of Libya said it agreed with the International Monetary Fund on specialized technical support for draft financial sector legal reforms. The work will focus on a FATF-aligned AML CFT law, updates to the banking law and revised licensing rules for electronic payment companies. IMF support will go to Central Bank technical and legal…
The Central Bank of Libya said its national AML/CFT committee reviewed implementation of the national strategy, the national risk assessment process and preparations for Libya’s upcoming mutual evaluation. It also adopted decisions to strengthen preventive controls and warned that the delayed AML/CFT draft law leaves Libya without a framework…