Libya’s Central Bank Governor, Al-Siddiq Al-Kabir, met with officials from the Markets, Risks, and Research departments at the Bank of France to explore ways to strengthen the relationship between the two central banks and support the efforts of the Central Bank of Libya in developing the banking sector and reinforcing its compliance system to combat money laundering and terrorist financing.
During the meeting, held at the headquarters of the Bank of France in Paris, several key areas were discussed, including the progress made in financial technology initiatives, the results of the unification of the Central Bank of Libya, and the importance of encouraging the private sector, according to a statement issued by the Central Bank of Libya.
Governor Al-Kabir highlighted the efforts made by the Central Bank of Libya to enhance its compliance system with anti-money laundering and counter-terrorist financing requirements, as part of the bank’s commitment to implementing best global practices in this field.
Both parties stressed the importance of continuing cooperation and coordination between the two central banks to exchange expertise and benefit from successful experiences in various banking and financial areas.