Libya Libya

New Documents

The Central Bank of Libya announced that Governor Saddek Omar ElKaber chaired the first meeting of the National Committee for Combating Money Laundering and Terrorist Financing in 2024.

According to a report on asset declarations in Libya published by Transparency International, the country needs to develop a sufficient basis for conflicts of interest rules for public officials, increase the frequency of asset declarations and provide access to the public on asset declarations.

Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department lists Libya as a monitored jurisdiction. The country's geographic location, porous borders and low law enforcement capacity make it an attractive point for narcotics trafficking, including hashish/cannabis and heroin. Markets are primarily cash-based. Bribery of border officials is common of migrants from sub-Saharan Africa and Egypt who move to or through Libya. Corruption and perceived corruption remain serious issues. Following the political unrest since the 2011 revolution, armed militias and tribes within Libya have frequently engaged in criminal activity for profit including theft, weapons trafficking and extortion. The U.N. Security Council passed Resolution 2213 in 2015, which imposes targeted sanctions against individuals and entities who undermine Libya's stability. Additionally, Libya is a source, destination and transit point for smuggled goods, including Libyan government-subsidized items such as fuel and food as well as black market and counterfeit goods from sub-Saharan Africa, Egypt and China.
  • KYC Covered Entities: Banks and financial institutions licensed by the Central Bank of Libya (CBL)
  • STR Covered Entities: Banks and financial institutions licensed by the CBL
  • Enhanced Due Diligence Procedures for PEPs: Foreign: N/A; Domestic: N/A
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 0 (2015); Convictions: 0 (2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)



Technical Effectiveness
Compliant : High :
Largely Compliant : Substantial :
Partially Compliant : Moderate :
Non-Compliant : Low :


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Rank : 173/179
Score : 17/100

Tax Justice Network i

Rank : 33/92
Score : 83/100