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Freezing of Assets: Libya

Question for Treasury

UIN HL8974, tabled on 26 June 2018

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

Answered on

10 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.

Answered by

Treasury