2023-07-12

Circular 2010/5

The regulator issued Circular 2010/5 in 2010 to require strict compliance with Know Your Customer (KYC) verification forms before opening any accounts. This directive eliminates exceptions by mandating that no account may be established without utilizing the standardized KYC forms. The measure standardizes onboarding procedures and strengthens regulatory oversight across financial institutions.

Libya

Central Bank of Libya

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Circular 2010/5

Year: 2010

Regarding the necessity of compliance with not opening accounts except by using Customer Verification Forms (KYC)

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