Libyan Money Recovery Office

(asked on 23rd November 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government which UK officials held meetings with representatives of the Libyan Money Recovery Office; what was the purpose of such meetings; and what agreements or understandings were entered into as an outcome of those meetings.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 7th December 2022

The Libyan Asset Recovery and Management Office (LARMO) is working to repossesses Libyan assets that were stolen by the Qadhafi regime before and during the 2011 revolution. A LARMO representative met with officials from the Foreign, Commonwealth and Development Office on 26 October to discuss potential options for the future of any recovered assets, with reference to the ongoing assets freeze. FCDO officials reminded LARMO that UN Security Council Resolution 1970 (2011) makes clear that the aim of the Libya asset freeze is to ensure that the frozen funds are preserved until such a time as they can be made available to, and for the benefit of, the people of Libya. Any amendments to the asset freeze will require consensus at the UN Security Council and will be judged against this goal.

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