Written question asked by Laurence Robertson (Conservative) on Friday, 1 February 2019, in the House of Commons. It was due for an answer on Tuesday, 5 February 2019. It was answered by John Glen (Conservative) on Monday, 11 February 2019 on behalf of the Treasury.
Freezing of Assets: Libya
- Question
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To ask the Chancellor of the Exchequer, what information his Department holds on Libyan assets frozen in the UK that were deposited by (a) the Libyan Government and (b) non-government organisations or individuals; and if he will make a statement.
- Answer
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The Office of Financial Sanctions Implementation (OFSI) undertakes an annual frozen asset review. This requires all persons that hold or control funds or economic resources that are owned, held or controlled by a designated person and subject to UK financial sanctions to report them to OFSI. OFSI also gathers information through the exercise of its statutory powers.
OFSI’s Annual Review provides an aggregate figure for the value of Libyan frozen funds held by UK institutions (£12.061 billion at close of business on 29 September 2017). HM Treasury cannot, however, provide detailed information regarding frozen assets held by specific designated persons.
Secondary information
- Type
- Written question
- Reference
- 215545
- Session
- 2017-19
- Subjects
- Libya Freezing of assets
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-02-11 16:45:10 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/215545
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