UN Panel of Experts say Belgian Euroclear Bank breached UN Libya sanctions

In a Report published last week (5 September), the UN Panel of Experts for the Libya Sanctions Committee said Belgium’s Euroclear Bank had been in “non-compliance with the [UN-Libya] asset freeze”. The report states that the bank had allowed for interest payments from the frozen funds of the former Gaddafi regime to be made available to bank accounts of the Libyan Investment Authority in third countries until 23 October 2017.

LibyaLibya United NationsUnited Nations

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >