The Central Bank of Libya (CBL) in Tripoli confirmed in a statement via Facebook that it will impose due diligence procedures in the foreign exchange sales operations with the banks of Bank of Commerce & Development, Alwaha Bank, Wahda Bank, and the Ejmaa Alaraby Bank in the eastern region.
The procedures come on the backdrop of reports regarding the existence of corruptions and non-compliance with the established procedures in terms of credits and direct remittances, which resulted in imposing such procedures on those banks, according to the CBL.
