Central Bank of Libya

P.O. Box 1103 | Telegram: Masareebiya - Tripoli, Libya

Reference No.: M/N 804
Periodic Letter (133/2013)
Date: 21 Sha'ban 1434 AH
Corresponding to: June 30, 2013 AD

To: Presidents of the Interim Administrative Committees of Commercial Banks
To: General Managers of Commercial Banks
To: Director General - Libyan Foreign Exchange

Greetings, ...

The Central Bank has received a letter from Mr. Director of the General Administration for Supervision of Companies and Strategic Projects (charged with the Audit Bureau), bearing Reference No. (1-5360) dated June 13, 2013, addressed to the Deputy Governor of the Central Bank of Libya. The letter concerns amending the Anti-Money Laundering (AML) units affiliated with commercial banks operating in Libya to perform their duties independently as applicable.

In accordance with the provisions of Law No. (1) of 2005 on Banks and its amendments, the provisions of Law No. (2) of 2005 on combating money laundering and its executive regulation, and Resolution No. (2) of 2008 of the National Committee for Combating Money Laundering on organizing financial information sub-units in banks and financial institutions operating in Libya.

And while we enclose a copy of the aforementioned letter from Mr. Director of the General Administration for Supervision of Companies and Strategic Projects (charged with the Audit Bureau), we request you to submit a report regarding whether the relevant AML sub-unit in your bank has been amended. We also request that you strictly comply with responding to correspondence from the main financial information unit at the Central Bank of Libya regarding renewal decisions issued by the Governor within their specified deadlines.

Peace, mercy of God, and blessings be upon you.
Abdul Majeed Muhammad Al-Miqawari
Director of Banking and Currency Supervision Administration / Charged

Copy to: Mr. Governor
Copy to: Mr. Deputy Governor
Copy to: Mr. Director of the General Administration for Supervision of Companies and Strategic Projects (charged with the Audit Bureau)
Copy to: Mr. Deputy Director of the Main Financial Information Unit, Central Bank of Libya
Copy to: Banking Follow-up and Compliance Department

K / D Sh / @ / Circular 2013

www.cbl.gov.ly
SWIFT Code: CBLJLYLX
Fax: +218 21 444 1488
Phone: +218 21 333 3591

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Free Libya
General National Congress
Audit Bureau

Reference No.: 1-5360
Date: June 12, 2013

Office of the Deputy Governor
May 17, 2013
Authorization

To: Mr. Deputy Governor of the Central Bank of Libya
[X]

Greetings, ...

In accordance with the notice regarding the Audit Bureau's follow-up on relevant entities as per prevailing legislation, a review of the main financial information counter for combating money laundering at the Central Bank of Libya revealed that some affiliated sub-units of banks operating in Libya have not been activated according to the governing laws and regulations.

Therefore, it is required that you amend these units accordingly, each as applicable to its scope.

Peace be upon you,
A. Muhammad Abdul Karim Al-Nabib
Director of the General Administration for Supervision of Companies and Strategic Projects / Charged

Office of the Deputy Governor
Certified
June 24, 2013
588 / Trial

Central Bank of Libya
General Administration for Supervision of Companies and Strategic Projects
Director's Office
June 25, 2013
Major / Sha'ban

To: Mr. Director of the General National Office
To: Mr. Director of the Audit Bureau
To: Mr. Governor of the Central Bank of Libya
To: Mr. Director of the Audit and Review Office
Periodic Letter / Bore - Tripoli

Dahra Square . Tripoli - Libya . 2970 : ☎ 021 333 4040
Al-Shahid Square - Tripoli - Libya