- the asset freeze affecting the Central Bank of Libya and the Libyan Arab Foreign Bank (a.k.a. the Libyan Foreign Bank); and
- the prohibition on making funds available to the Libyan Investment Authority (LIA) and the Libyan Africa Investment Portfolio (LAIP).
However, the necessary order to lift the above restrictive measures has not yet been made, and hence the restrictions remain in place in the Isle of Man. Therefore anyone affected by the above restrictions should apply to the Treasury for a licence.
In addition, financial sanctions remain in place in respect of -
- individuals and entities listed in Annexes II and III (as amended) of Council Regulation (EU) No. 204/2011;
- entities owned or controlled by individuals listed in UN Security Council Resolution 1970 (2011), i.e. Colonel Gadaffi and his family; and
- funds, other financial assets and economic resources which on 16 September 2011 were held outside of Libya by the LIA or LAIP.
For more information please contact the Sanctions Officer.
