March 15, 2016
The Tripoli-based Central Bank of Libya (CBL) has frozen 600 bank accounts accused of money laundering offences and referred them to the Public Prosecutor’s Office (PPO).
The 600 frozen accounts represented 150 company bank accounts and 450 individual accounts.
The CBL said in its statement released today that within its role of fighting money laundering, it froze the concerned bank accounts, and thereafter it has referred the cases to the competent seizure authorities such as the Audit Bureau, the PPO and the Administrative Control Authority which are authorized by law with the power of investigation, seizure and arrest.