Al-Aqouri: The House of Representatives is working on preparing a draft law to combat money laundering and smuggling

Benghazi, December 23, 2024 (LANA) - The head of the Committee for Verifying Frozen Libyan Funds Abroad in the House of Representatives, "Youssef Al-Aqouri", revealed that the House is working on preparing a draft law to combat money laundering, smuggling and financing terrorism to present it to the representatives for discussion and opinion.

Al-Aqouri considered, in a statement conveyed by the spokesman for the House of Representatives, Abdullah Blihaq, the approval of the aforementioned law an important step towards enhancing transparency and combating crimes related to money, which will reflect more stability on national financial institutions.

He stressed the need for all financial institutions to adhere to the media statements issued by them during the current period, noting that the situation is stable and there is no serious threat to the Libyan currency.

Al-Aqouri welcomed all proposals and observations that could contribute to enhancing financial transparency and good governance in the national banking system, explaining that the Libyan economy is currently stable.

The head of the Committee for Verifying Frozen Libyan Funds Abroad stressed the keenness of the House of Representatives to give the issue of economic stability the highest priority in light of its impact on the standard of living of the Libyan citizen.