Regulatory Alerts2022-06-07
Circular Letter No. 52/2013
The Central Bank of Libya issued Circular Letter No. 52/2013 to notify commercial banks and the Libyan Foreign Bank of a communication from the Transitional Government's Minister of Justice. The correspondence outlines the establishment of a new committee and details legislative amendments to the Banking Institutions Administration Law and Law No. 36 of 2012 regarding the management of funds and requirements for specific individuals. Banks are expected to review these regulatory updates to ensure compliance with the revised administrative and financial frameworks.
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