Monday 20 June 2011

UAE cbank asks banks to freeze Libyan assets - Maktoob News

The United Arab Emirates central bank has ordered the Gulf country's banks to freeze the assets of 19 Libyan individuals and institutions and expects to complete a report on the measure within a week, an official said on Monday.

Western countries and the United Nations have imposed a range of sanctions on Libya, where rebels are fighting to end Muammar Gaddafi's 41-year rule, and have frozen assets of the Libyan leader and his inner circle.

"We have instructed banks to initiate a search and have requested them to freeze the assets," Abdulrahim al-Awadi, executive director at the UAE central bank's anti-money laundering and suspicious cases unit told reporters.

No comments:

Post a Comment