Libya’s interior ministry prepares for regional financial evaluation
By the AFREEQUE newsroom, based on Libya Herald
Libya’s Ministry of the Interior held a workshop in Tripoli on virtual assets and digital currencies ahead of the country’s mutual evaluation by the Middle East and North Africa Financial Action Task Force. Participants examined money laundering and terrorist financing risks and ways to strengthen legislation, according to Libya Herald.
Libya’s Ministry of the Interior organised a workshop on virtual assets on 19 October, in preparation for the country’s mutual evaluation by MENAFATF, the regional body combating money laundering and terrorist financing. The announcement was made by the ministry, Libya Herald reports.
Participants examined the legal, security and financial aspects of virtual assets and digital currencies, as well as the risks of their use for money laundering or terrorist financing. The workshop also addressed the development of legislation and stronger coordination between institutions.
Representatives of the Central Bank of Libya, the Prime Minister’s Office, the Ministry of Foreign Affairs, and several security agencies and financial institutions took part in the meeting. The United Nations Office on Drugs and Crime was also present, according to the ministry.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
