The Director of the Banking Supervision and Monetary Department at the Central Bank of Libya, Mukhtar Al-Taweel, spoke to our source during a workshop held by the bank on combating money laundering and terrorist financing.
He said: “This workshop comes within the framework of strengthening the fight against money laundering and terrorist financing in the Libyan banking sector, and promoting a culture of compliance with the applicable controls and instructions, whether they are local or international.”
He added: “Today we need to develop our banking sector in partnership with the advanced banking sectors, and this requires us to make more effort and time so that we avoid many of the risks facing the banking sector today, and we can reach correspondents abroad and work with highly qualified and classified International correspondents, and therefore one of the main requirements is to develop the internal environment for courses and training and to provide the necessary technology and equipment.”
He continued: “During the workshop, the heads of the banks’ boards of directors were invited to attend it, as well as the executive directors and a part of the control department and directors of departments in the Central Bank, for the purpose of training, building a culture of compliance and developing the banking sector. There will be other courses in the coming period, for the rest of the members of the boards of directors and other departments concerned in the banking sector, and this is part of the work of the Banking Supervision and Monetary Department in developing the banking sector, and we will have many workshops in this aspect.”
