The Central Bank of Libya (CBL) announced Monday that the first meeting for the national committee for combating the phenomena of money laundering and terrorism sponsoring of 2017 was convened at the CBL headquarters.
"Several significant decisions were made at the meeting with the aim to get Libya back on the track of being committed to international standards related to money laundering and terrorism sponsoring crimes." The CBL said.
The meeting was held at Siddiq Al-Kabeer's office in the presence of the chairman of the new committee and most of its members.
"The meeting also discussed the latest regarding the systems operating in combating those two growing phenomena before Libya undergoes the 2018 assessment." According to the CBL.
The statement added that the meeting ended with several momentous decisions and recommendations.
"We must exert more efforts to help create a national policy that aims at fighting terrorism funding and money laundering." Al-Kabeer said, adding that coordination among state ministries and institutions must be at its height.