Regulators will report back to the UN within days whether any Libyan assets have been frozen within the UAE's financial system, a Central Bank official says.
Authorities around the world are taking action to freeze accounts and investments connected to the Libyan leader Muammar Qaddafi as pressure on his regime mounts. Banks are sending responses to the Central Bank about whether any names on the UN Security Council sanctions list hold assets with them, said Mohamed el Shirief, the suspicious transactions and reports analyst at the Central Bank.
His comment follows a circular from the regulator to lenders last week about the issue. The international community voted last month to freeze the foreign assets of Col Qaddafi and four aides in an attempt to stop attacks on Libyan protesters.
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