Tripoli, September 3, 2025 (WAL) – The National Committee Against Money Laundering and Terrorism Financing at the Central Bank of Libya held its third meeting chaired by Naji Mohamed Issa, the committee’s chairman, with participation from representatives of relevant national bodies and institutions.

The meeting addressed the follow-up on the implementation of the committee’s decisions and initiatives discussed in previous meetings. Attendees also reviewed the questionnaire related to the periodic update model in preparation for the mutual evaluation process, in addition to the timeline for the third round of evaluation that Libya will undergo by the Middle East and North Africa Financial Action Task Force (MENAFATF).

The meeting also reviewed updates on the approval of the draft law on combating money laundering and terrorism financing, which is presented to the legislative authority and considered a fundamental pillar to enhance compliance with international standards and a key requirement in the state’s evaluation process.

The bank stated that these meetings are part of national efforts to address the serious risks arising from any potential failure in the mutual evaluation process, due to the severe negative repercussions it may have on Libya’s economic and financial security.