The Director of the Compliance Department at the Central Bank of Libya, Asim Al-Hajji, confirmed that the Central Bank has returned to a stage of stability thanks to the return of all employees to their work, after a period of uncertainty following the Presidential Council’s decision to change the bank’s governor and appoint a new board of directors.
In statements to the Italian news agency “Nova”, followed by “Ain Libya”, Al-Hajji said that the Compliance Department is committed to developing policies and procedures that enhance transparency and ensure the bank’s compliance with local and international laws.
He added that these efforts not only improved internal performance, but also enhanced the confidence of international banking institutions in the Libyan banking system, thanks to continuous communication with all concerned parties.
The Director of Compliance pointed out the crucial role played by the administration in restoring confidence that was damaged due to the difficult circumstances the country went through.
“We have adopted strict standards to combat financial crimes, including money laundering, terrorist financing, corruption and bribery, in full compliance with international regulatory requirements,” Al-Hajji added.
Al-Hajji also confirmed the bank’s success in re-establishing contacts with international banks and financial institutions, which led to a positive view from institutions that were previously reluctant to cooperate with Libyan banks.
The Director of the Compliance Department at the Central Bank explained that the goal is to improve the bank’s financial and administrative performance, and to promote a culture of compliance in every aspect of its work, which helps to enhance the bank’s position as a leading institution in financial governance and transparency.
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2024-09-14 18:54:54