The Central Bank of Libya announced that the National Committee for Combating Money Laundering and Terrorism Financing held its first regular meeting of 2026 under the chairmanship of Governor Naji Mohammed Issa. The committee reviewed progress in implementing the national anti-money laundering and countering the financing of terrorism strategy, examined the outcome of the first meeting of the High Committee for the National Risk Assessment, and discussed preparations for the country’s upcoming mutual evaluation. The meeting also resulted in decisions aimed at strengthening preventive controls and protecting the financial system. A central issue was the continued non-adoption of the draft anti-money laundering and terrorism financing law. The committee linked that delay to the absence of a legislative framework aligned with relevant international standards and recommendations, and warned of potentially serious consequences for Libya’s financial and economic system. Representatives from relevant governmental, judicial, security and supervisory authorities took part in the meeting, and the control measures discussed were framed as part of the Central Bank of Libya’s and the National Committee’s broader reform policies.
Central Bank of Libya2026-04-09
Central Bank of Libya AML CFT committee adopts control measures and flags risks from delayed AML CFT law
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 aligned with international standards.