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Monday 20 June 2011
UAE cbank asks banks to freeze Libyan assets - Maktoob News
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.
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