VOL. XXXVII

NO. 11

13-DECEMBER-1993

Libya

UK Provisions On Libyan Blocked And External Accounts

Following the imposition of further UN sanctions against Libya effective from1 December, the Bank of England has issued guidelines pertaining to theoperation of frozen Libyan funds and other financial resources held by UKfinancial institutions; payments made into frozen accounts; and theestablishment of "Libyan External Accounts" into which all fundsderived from the sale of petroleum or petroleum...