VOL. XXXIV

NO. 6

12-NOVEMBER-1990

Financial and Banking News

Gulf Crisis

Bank of England Frees Accounts of Kuwaiti Individuals

The Bank of England has lifted restrictions on the accounts and assets offormer residents of Kuwait now living outside Kuwait and Iraq. The change inpolicy does not apply to corporate bodies. The Bank froze Kuwaiti assets in theUK on 2 August and issued detailed guidelines on the measures on 7 August (MEES,13 August). A Bank of England Notice dated 6 November states that...