Skip to main content

Written question asked by Andrew Murrison (Conservative) on Tuesday, 18 December 2018, in the House of Commons. It was due for an answer on Thursday, 20 December 2018. It was answered by John Glen (Conservative) on Thursday, 20 December 2018 on behalf of the Treasury.


Freezing of Assets: Libya

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
203276
Session
2017-19
Subjects
Sanctions Libya Freezing of assets
Link
View this Written question on www.parliament.uk