Libya

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Libya

Private war in Libya funded via Scots firms

A convicted arms dealer branded a “merchant of death” used Britain’s most notorious form of ghost company to finance a private air war in Libya, The Times can disclose. Rami Ghanem supplied mercenaries to fly and maintain fighter-bombers for one of the local militias battling for scraps of the fractured… Read More

European money intended for Libyan migrants being diverted, laundered

AP — When the European Union started funneling millions of euros into Libya to slow the tide of migrants crossing the Mediterranean, the money came with EU promises to improve detention centers notorious for abuse and fight human trafficking. Instead, the misery of migrants in Libya has spawned a thriving… Read More

Canada’s SNC-Lavalin settles Libya bribery case that shook Trudeau government

A division of SNC-Lavalin Group Inc pleaded guilty to fraud and will pay a C$280 million fine, the company said on Wednesday, in a case related to projects in Libya that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis. The construction and engineering company reached a settlement after being… Read More

10th December 2019

Greed drove former SNC-Lavalin exec’s alleged fraud, corruption scheme: Crown

Summing up six weeks of testimony at the trial of a former SNC-Lavalin executive accused of fraud and corruption, a prosecutor told jurors Monday that greed lies at the root of the accusations. Sami Bebawi’s fate will soon be in the hands of the jury after federal prosecutors made their… Read More

3rd October 2019

Belgium’s EU candidate denies ‘malicious’ graft accusations

Didier Reynders, Belgium’s pick for EU justice commissioner, denied on Wednesday corruption allegations against him and said he would continue to seek the post because he had not been charged. At a confirmation hearing, Belgian Foreign Minister Reynders told the European Parliament that money-laundering allegations made by a former Belgian… Read More

5th September 2019

Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta

An international hunt for millions in cash stolen from an art specialist in New York has found its way into a Maltese court, knocking on the door of auditor Joseph Sammut and his Libyan networks. Sammut, a one-time treasurer for the Labour Party, is already in court facing… Read More

19th August 2019

Goldman’s Star in Hong Kong Turns Into 1MDB Scandal’s Enigmatic Man

Andrea Vella was Goldman Sachs’s top dealmaker in Hong Kong. He had a nose for splashy trades, a fondness for the Bentley Continental, and a vague enough resemblance to George Clooney that there was even a joke among some bankers: “What would George do?” That was almost a year ago. Read More

1st April 2019

UN says expert arrested in Tunisia has diplomatic immunity

AP — The United Nations says a member of the U.N. panel of experts monitoring sanctions against Libya has been arrested in Tunisia despite having diplomatic immunity. U.N. deputy spokesman Farhan Haq said Mocef Kartas, who reportedly has dual German-Tunisian citizenship, was arrested following his arrival in Tunis on March… Read More

29th March 2019

UN envoy says corruption is at the heart of Libya’s conflict

AP — The U.N. envoy to Libya says corruption and fighting over resources among rival factions are core issues impeding progress in resolving the country’s turmoil. Ghassan Salame told the Qatar-based Al-Jazeera TV late Wednesday that building national institutions in charge of a fair distribution of wealth is “the… Read More

30th July 2018

Sanctions: Standard Chartered extends Deferred Prosecution Agreements

Standard Chartered has agreed to a further extension of its U.S. Deferred Prosecution Agreements (DPAs) until 31 December 2018, the bank said. The Group reached agreements with the United States after admitting that it had processed payments for sanctions targets, and paid a settlement of $327 million. It also agreed… Read More

22nd March 2018

Funding probe is ‘hell,’ says French ex-president Nicolas Sarkozy

Former French President Nicolas Sarkozy says allegations he received campaign funding from late Libyan leader Muammar Gaddafi are making his life “hell”. “I am accused without any physical evidence,” Mr Sarkozy told magistrates, Le Figaro newspaper reports. He has been placed under formal investigation for illicit election campaign financing in… Read More

11th January 2018

UK: £1m bail granted for man in Sarkozy-Gaddafi inquiry

A French businessman wanted for questioning in relation to an inquiry into the alleged illegal financing of Nicolas Sarkozy’s 2007 presidential election run by the late Libyan dictator Muammar Gaddafi has been granted £1m bail by the high court in London. French police are seeking to extradite Alexandre Djouhri to… Read More

7th November 2017

SocGen investigated over possible French anti-corruption law breach

7 November 2017 By Maya Nikolaeva Societe Generale said the French financial prosecutor had opened a preliminary investigation into possible violations by the bank of French anti-corruption laws, and had requested documents on its ties with the Libyan Investment Authority. Earlier this year Societe Generale agreed to pay nearly 1… Read More

Must Read

Portugal probes Angola leaks as Eurobic bank distances itself from dos Santos

UK SARs fall from key company formation agents

Luxembourg’s fund sector faces risk of abuse

Australia’s Packer to face powerful Crown probe into alleged money laundering

Facebook’s ‘Failed’ Libra Cryptocurrency Is No Closer to Release