NO. 34


Financial and Banking News

Regional Banking

US Treasury Charts Libya's International Banking Connections

The US Treasury's Office of Foreign Asset Control (OFAC) has published a list of 97 financial institutions which it maintains are part of a worldwide network of Libyan banking interests. Twenty six of these are classified by OFAC as "Specially Designated Nationals" (SDNs) of Libya, with the result that US nationals are prohibited from...