Central Bank of Libya Circular 2010/1 on Verification of International Shipping Documents for Anti-Money Laundering

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Central Bank of Libya
P.O. Box 1103, Tripoli / Great Socialist People's Libyan Arab Jamahiriya Telegram: Egypt Libya - Tripoli

Reference: M.R.N. 1047/G1
Circular No. M.R.N. (2010/1)
Date: 21 Muharram, Corresponding to: 06 January 1378 A.H. {2010 A.D.}

To the General Managers of Commercial Banks,
To the General Manager / Libyan External Bank:

Greetings,

Based on the provisions of Law No. (1) of 1373 A.H. (2005 A.D.) regarding Banks, and the provisions of Law No. (2) of 1373 A.H. (2005 A.D.) regarding Anti-Money Laundering, and its Executive Regulations.

And based on the provisions of Circular No. (1) of 1370 A.H. (2002 A.D.) by the Governor of the Central Bank of Libya regarding Anti-Money Laundering procedures.

And within the framework of the Central Bank of Libya fulfilling its role in combating money laundering crimes, and reducing the risks to which banks are exposed as a result of some entities submitting incorrect documents for the purpose of conducting foreign currency transfers of all types.

Therefore, we inform you of the necessity to verify the validity of international shipping documents submitted to them, and to participate in the International Maritime Bureau's information network of the International Chamber of Commerce, thereby enabling you to verify the validity of the submitted documents in this regard.

For importance, full compliance and taking all necessary measures regarding this is requested.

Peace, mercy, and blessings of God be upon you.

Dr. Mohamed Abdeljalil Abousnina
Director of the Banking and Currency Supervision Department

Copy to: The Governor .................................
Copy to: The Deputy Governor ...........................
Copy to: The Director of the Legal Affairs Department Copy to: The Director of the Main Financial Intelligence Unit Copy to: The Banking Follow-up and Compliance Monitoring Section

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P.O. Box 3/ M.R.N / W / J / 6 / Circular 6