Title: Tripoli Cracks Down on Tax Evasion and Financial Crimes: Cooperation Agreement Signed between Tax Authority and Ministry of Interior

January 3, 2024 - Tripoli

In an effort to strengthen cooperation against tax evasion and financial crimes, the Tax Authority and the Ministry of Interior signed a cooperation agreement in Tripoli. The pact was inked by:

• Omar Al-Zarrouk, Deputy Director General of the Tax Authority
• Major General Jamal Al-Mazoughi, Head of the Department for Combating Financial Crimes, Money Laundering, and Terrorist Financing at the Ministry.

Importance of the Agreement

Al-Zarrouk spoke to the Libyan News Agency, emphasizing the significance of this agreement. He stated that it falls under the umbrella of joint cooperative organizational work between the two institutions to effectively execute their responsibilities. Al-Zarrouk commended the collaboration with the Ministry of Interior, believing it to be instrumental in bolstering the national economy.

Major General Al-Mazoughi echoed Al-Zarrouk’s sentiments, expressing that the Tax Authority and the Anti-Financial Crimes Authority complement each other’s efforts. He stated, “This agreement serves the nation and our collective goal to combat tax evasion and financial crimes that potentially jeopardize our national economy.”

Objectives of the Agreement

The main objectives of this agreement include:

1. Protecting Public Funds: Activating joint cooperation to safeguard public funds against misappropriation and exploitation.
2. National Interest: Achieving national interest by coordinating efforts to combat tax evasion and financial crimes.
3. Eradicating Financial Crimes: Eradicating financial crimes that could potentially undermine the national economy.

The ultimate aim is to ensure the lawful collection of public treasury dues as stipulated under applicable legislation. By combining their resources and expertise, the two entities aim to bolster their efforts against those who attempt to exploit the economic system for their own gain.

A Step Towards a More Secure and Financially Stable Future

This agreement is a testament to the government’s dedication to strengthening the Libyan Arab Jamahiriya’s economic framework and addressing financial crimes that could potentially undermine the national economy. With the unwavering commitment of both parties, the Tripoli-based authorities take steps towards a more secure and financially stable future for all Libyans.