Libya Urges Swift Anti-Money Laundering Law to Avoid Global Isolation

Libya Urges Swift Anti-Money Laundering Law to Avoid Global Isolation

Libyan financial authorities warned that delays in passing new anti-money laundering (AML) and counter-terrorism financing (CTF) laws risk economic isolation and reputational damage. The National Committee, led by Central Bank Governor Naji Issa, said international watchdogs have detected suspicious transactions involving Libyan institutions. The draft law, stalled for years, aims to align Libya with global standards.

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