Author: mohammed

Mohamed Mensli , Director General of the Libyan asset recovery & management office, participated in the annual meeting of the World Bank and the International Monetary Fund currently being held in the American capital, Washington. The meeting was attended by senior government officials and economic experts from around the world.

Mr Mensli’s participation focused on Libya’s efforts in recovering embezzled funds and managing recovered assets to enhance economic development and stability in Libya.

During the conference, Mensli held several bilateral meetings with government officials and international experts participating in the conference. Discussions revolved around enhancing international cooperation in asset recovery and exchanging experiences and successful practices in this field.

The participation of the Libyan asset recovery & management office in this conference reflects Libya’s steadfast commitment to combating corruption and recovering embezzled funds. It underscores the effective role played by the Libyan government in promoting transparency and enhancing international cooperation in this regard.

the Libyan Asset Recovery and management Office ((LARMO))and the Libyan National Security Council ((LNSC)) have signed a memorandum of understanding and cooperation . Signed on Thursday, March 7, 2024, by Mr. Mohamed Ramadan Mensli, Director General of the Libyan Asset Recovery Office, and Mr. Ibrahim Abu Shnaff, head of the Libyan National Security council, the memorandum aims to bolster relations and address mutual concerns.

Through this memorandum, both parties commit to an exchange of information and collaborative efforts on shared issues. This initiative is expected to make significant strides in the recovery of stolen funds and assets, marking a critical step towards enhancing economic stability and security within Libya.

Tunis, February 15, 2024 – As part of ongoing efforts to strengthen Libyan national capacities in fighting corruption and money laundering, the Libyan Asset Recovery and Management Office actively participated in the Steering Committee meeting held in Tunis.

The meeting, attended by the United Nations Office on Drugs and Crime and various national and international entities, focused on discussing progress made and setting priorities for 2024, as well as endorsing the key points discussed.

The Office’s participation in this meeting underscores its commitment to continuously work on recovering Libyan funds and efficiently managing recovered assets, as well as enhancing international cooperation in this field. It also highlights the pivotal role the Office plays in promoting transparency and justice, and supporting the Libyan state’s efforts in combating corruption and money laundering.

The Office emphasizes the importance of this participation in expanding cooperation with international partners and exchanging essential expertise and information to achieve its goals in asset recovery and management effectively.

In the pursuit of implementing the memorandum of understanding signed between the Libyan Asset Recovery & management office (Larmo), in collaboration with the Libyan Air Force, a meeting was convened on Thursday, February 1, 2024. The meeting was attended by Mr Mohammed Mensli. the Director General of Larmo , and General Engineer Ammhmed Al-Saifawi Gogil, the Chief of the Libyan airforce , along with Mr. Mohammed Al-Zaruq, representing LARMO’s Mobile Assets department.

During the meeting, the latest developments of the file of the C130 aircraft located at Ogma Aeronautical Industries Company in Lisbon, Portugal was discussed, also the case of the 8 Aircraft in the US and latest communication from US state department as well as Lockheed Martin.

The latest developments in these cases were reviewed with the aim of returning and solving any issues so these aircraft to the homeland to enhance the Libyan urgent needs.

LARMO is fully committed to achieve its objectives and work closely with all Libyan entities and stakeholders.

Director General of (LARMO), Mr Mohamed Mensli held a meeting with the technical department managers at the office headquarters in Tripoli to follow up on the implementation of the office’s strategy for the year 2024. Several key topics regarding the office’s performance and performance indicators were discussed, in accordance with international evaluation standards. Emphasis was placed on issues of governance, integrity and compliance, combating money laundering and terrorism financing, as well as the research and investigation assessment system. The meeting highlighted the importance of adhering to the standards and good practices policies adopted by LARMO.

The Director General of Libyan Asset Recovery and Management office(LARMO), Mr Mohamed Mensli participated in the meeting of the National Committee for Combating Terrorism and Money Laundering, which was held at the Central Bank of Libya on the morning of 2024-01-10، chaired by the governor of the bank of Libya Mr Siddq Kaber During the meeting, the key domestic and international developments in this field were reviewed, and the readiness of the Libyan state for the mutual evaluation process by the Financial Action Task Force (FATF) and the preparation for the national self-assessment of money laundering and terrorist financing risks were discussed. In addition, there was an emphasis on increasing cooperation and coordination among the relevant national entities involved in the anti-money laundering system, unifying their efforts to preserve the integrity of the financial system and national security of the country, and complying with international requirements.

Mr.Mensli emphasized that LARMO’s participation as a member of this committee reflects the level of harmony and joint work with local partners who share the determination to recover the embezzled Libyan funds for the benefit of all Libyans.

LARMO’s Director Mr Mohamed Mensli, held a joint , meeting with Dr. Mohammed Al-Shakshouki, head National Antiquities Department, as part of continued cooperation as advocated by the MOU. This consultative and coordinating meeting was held to prepare for the celebration of the return of a number of Libyan antiquities from some European countries and the United States, which is scheduled to take place in the fourth week of February. Several department managers from both sides attended the meeting. This celebration comes within the framework of protecting and preserving Libyan cultural heritage, raising public awareness of the importance of Libyan cultural heritage, which represents the identity of the society, and promoting awareness of the importance of preserving cultural heritage for future generations.

In a significant step towards strengthening counterterrorism and anti-money laundering efforts, Mr. Mohamed Mensli, the Director General of LARMO signed a memorandum of understanding with the Libyan Center for Counterterrorism, led by Major General Mohamed Bashir Salah .The agreement aims to enhance joint cooperation and capacity building in counterterrorism, money laundering, and the recovery of illegally obtained funds.

During the signing ceremony, Mr. Mohamed Mensli emphasized the importance of partnership with the Libyan Center for Counterterrorism in achieving security and economic objectives. “This agreement represents a decisive step towards unifying our efforts and enhancing our collective capabilities in addressing security and financial challenges.”

Major General Mohamed Bashir Salah, on his part, affirmed the vital role of this cooperation in enhancing Libyan national security. “We are committed to working closely (LARMO) to achieve our shared goals in combating terrorism financing and money laundering.”

On the International Anti-Corruption Day, and as part of GlobE Network, LARMO calls for unity to combat corruption and promote justice. Let’s join forces for a world free of corruption, fostering justice and sustainable development for all. Together, we can build a better, fairer future.

#UnitedAgainstCorruption