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Financial Sanctions: Libya

Thursday, 26 June 2014

This news release is issued in respect of the asset freezing measures relating to Libya.

Annex III to Council Regulation (EC) No 204/2011 has been amended with effect from 24 June 2014, following the publication of Commission Implementing Regulation (EU) No 689/2014.

The asset freeze no longer applies to two entities and the identifying information for one entity has been amended.

DELETIONS

Entities

Dalia Advisory Limited

Address:  11 Upper Brook Street, London, United Kingdom

Other Information:  EU listing.  Not UN.  UK-incorporated subsidiary of the Libyan Investment Authority.  Reg no 06962288 (UK).

Group ID:  11766

Libyan Holding Company for Development and Investment

Other Information:  EU listing.  Not UN.  Libyan subsidiary of the Economic and Social Development Fund

Group ID:  11750

AMENDMENT

Deleted information appears in square brackets [ ]. 

Entity

Capitana Seas Limited

[Address:  c/o Trident Trust Company (BVI) Ltd, Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Islands.]

Other Information:  EU listing.  Not UN.  BVI-incorporated entity owned by Saadi Qadhafi.  [Reg no 1526359 (BVI)]

Group ID: 11768

Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated entities.  If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services.  They must also report their findings to the Sanctions Officer at the Customs and Excise Division of the Treasury.  Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated entity, they are not required to report these details again.

Further details of the sanctions regime related to Libya and links to the consolidated list of individuals and entities subject to these and other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

Issued By

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