Authorities in Libya have renewed efforts to strengthen safeguards against financial crime, as the National Committee for Combating Money Laundering and Terrorist Financing convened its first meeting of 2026 in Tripoli last week.
The meeting, chaired by Central Bank Governor Naji Mohammed Issa, brought together representatives from government, judicial, security and regulatory institutions to assess progress in implementing the national strategy.
Participants reviewed preparations for an upcoming mutual evaluation process, while raising concerns over the continued absence of a draft law on combating money laundering and terrorist financing. Officials warned that the lack of a comprehensive legislative framework aligned with international standards could expose the country to significant financial and economic risks. “The absence of a legal framework compliant with international recommendations carries potentially serious repercussions for the financial system,” the committee noted.
Despite these challenges, the committee said it is advancing measures to reinforce preventive controls and safeguard the integrity of the financial system, in line with broader reform efforts led by the Central Bank.
Several decisions were adopted at the meeting, signalling what officials describe as a coordinated push to align Libya’s financial oversight regime with global compliance standards.
