Freezing of Assets: Libya

(asked on 26th June 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what is the current monetary value of frozen Libyan assets in the UK.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 10th July 2018

At close of business on 29 September 2017 the approximate total value of frozen Libyan funds in the UK was £12.061 billion.

The Office of Financial Sanctions Implementation (OFSI) undertakes an annual frozen asset review requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI, from which this figure is taken.

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