On 9 October, the Libya Review reported that the Washington Times has published a report about corruption in the Libyan financial system.  It reported that corruption within Libya’s financial system continues to be a major stumbling block, threatening to block Libya’s path towards a more stable and secure future.  According to the report, the Governor of the Central Bank of Libya (CBL), Sadiq al-Kabir and his allies, control significant amounts of revenues, and they have built a network of businessmen-enablers who exploit the black market and shadow economy for illicit profits.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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