Financial institutions adhere to Middle East sanctions

A family walk down a bombed street in Libya

The international and domestic response to the recent turbulence in the Middle East has been rapid. Sanctions have been implemented on doing business with a broad range of countries, including Libya, Syria, Iran, Egypt and Tunisia.

The UK asset freeze concerning Libya applies to 39 individuals and 53 entities, and it has so far frozen an estimated £12 billion of Libyan assets. For breaches of the sanctions on Libya, UK businesses face potentially unlimited fines, and individuals face up to two

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