UK Issues Libya Sanctions Guidance
The United Kingdom’s Office of Financial Sanctions Implementation issued a Jan. 4 guidance on the U.K.’s financial sanctions against Libya, detailing the types of asset freezes the U.K. can enforce. The guidance also covers how the U.K. prohibits transactions involving…
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Libyan oil aboard ships designated by the United Nations, how the sanctions affect subsidiaries of sanctioned entities and how the U.K. determines ownership.