Freezing of Assets: Libya

(asked on 18th December 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish the (a) date granted, (b) purpose, (c) recipient and (d) value of the licences issued for the release of funds frozen as result of financial sanctions against Libya.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 20th December 2018

Where there are derogations set out in the Libya sanctions regimes, HM Treasury may authorise dealing with frozen assets. In some instances, that includes releasing frozen funds for at least one of the following purposes: basic needs, extraordinary expenses, legal fees, prior contract, routine holding and maintenance.

The detailed information requested in relation to parts (a), (b), and (d) could only be made available at disproportionate cost.

In relation to part (c) of the question, the Office of Financial Sanctions Implementation (OFSI) is unable to release this information as disclosure would contravene data protection principles.

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