CBL Tackles Money Laundering, Terrorism Financing

A workshop on Systems and Methods on Combating Money Laundering and Terrorism Financing

The Central Bank of Libya (CBL) arranged a workshop on 5th of September 2016 on systems and methods on combating money laundering and terrorism financing in cooperation with the Public Prosecutor’s Office. Research papers on money laundering were presented as an example to show how to deal with criminal liability.

The workshop, that will continue for another three days was attended by members of the Public Prosecutor’s office, managers of money laundering subunits at commercial banks, representatives from the Audit Bureau, Ministry of Justice and Anti-corruption Commission besides others interested in this matter.

Dr. Mostafa Alarbi (Professor of Criminal Law at the University of Mirqab), Prosecutor Mr. Mohamed Yehya, Mr. Sobhi Zayed (Director of the Main Financial Information Unit of the Central Bank of Libya) and Mr. Mohammed Alshaeri (Deputy Director of the Main Financial Information Unit) presided over the first session of the workshop.

The first research paper which was presented by Dr. Mostafa Alarbi discussed the concept and conduct on the crime of money laundering, the specific patterns to commit a money laundering crime, the criminal intent that is required, and accountability.

(Source: Central Bank of Libya)

No comments yet.

Leave a Reply