الأخبار

The Director General of the Libyan Asset Recovery and Management Office (LARMO), Mr. Mohamed Ramadan Mensli, has called for increased cooperation and the establishment of a network among asset recovery and management offices in the MENA region. The purpose of this network would be to prosecute criminals and utilise recovered assets for the benefit of the people.
Mr. Mensli made these remarks on Tuesday, 6th June, during the 2nd Regional Conference on Judicial Cooperation in the MENA region held in Rabat, Morocco. The conference was organised by the Moroccan Ministry of Justice in partnership with the EU Global Facility on Anti-Money Laundering and Terrorist Financing, as well as the Siracusa International Institute for Criminal Justice and Human Rights. Titled “Strengthening Judicial Cooperation in the MENA Region: Integrated Approaches to the Investigation and Prosecution of Money Laundering,” the conference aimed to foster collaboration and enhance efforts in combating financial crimes.
As the first and only asset recovery and management office in the MENA region, LARMO holds a significant role. It is worth mentioning that the CARIN asset recovery network has invited LARMO to form and lead a North African sub-group of the global organisation, which will focus on regional asset recovery operations to create efficiencies.
Mr. Mensli delivered a speech during a session entitled “Recovery and Management of Proceeds of Crime: Key Concepts, Role of Asset Recovery Agencies, and Social Reuse of Confiscated Assets.” He addressed a group of representatives from regional countries and international experts who expressed their admiration for the office’s accomplishments.
He stated, “Despite being a relatively young institution, LARMO has porven the importance of having specialised entities dedicated to asset recovery and management for the benefit of the people and the state.” He emphasized the significance of utilizing looted assets for human development and their role in national reconciliation, as well as creating a prosperous future for Libya in economic and social terms, aligning with other countries in the region.
Mr. Mensli further emphasized, “I would like to stress the importance of establishing specialised offices, and I hope that we can establish a network among these offices that will ultimately benefit our people while fostering stability and prosperity within our region and the world.”
In conclusion, Mr. Mensli affirmed that LARMO is prepared to offer support and advice to any party engaged in asset recovery work within the region.