The central bank has instructed banks operating in the Gulf country to freeze the assets of 19 Libyan individuals and entities, a senior bank official said yesterday. The move comes in line with the UN Security Council Resolutions 1970 and 1973, a senior central banker said.
“We have implemented UN Security Council’s Resolutions on Libya and are in the process of preparing a report. We are expecting with the next week or so to complete the report for onward submission to the Ministry of Foreign Affairs,” Abdul Rahim Al Awadi, executive director at the central ban and head of its anti- money laundering and suspicious cases unit commented (to a local newspaper).
He said banks have been instructed to search for and freeze any accounts, investments, deposits or safe deposit boxes in the names of the individuals and entities, which appeared in the two UN Security Council resolutions.
Earlier this month, the UAE central bank ordered all lenders to freeze the assets of ousted Tunisian President Zine Al Abidine Ben Ali, his wife and 120 other Tunisians implicated under his former regime.
The Gulf state was asked to suspend the accounts by the Tunisian public prosecutor, a request circulated through the UAE foreign ministry.
Sources: Arabian Business; Khaleej Times; WAM