The Libya (Restrictive Measures) (Overseas Territories) Order, 2011 - Advisory Warning No. 3 of 2011 (16 June, 2011)

Advisory Warning No. 3 of 2011
 

16 June, 2011
 

ADVISORY WARNING

FREEZING OF ASSETS HELD BY DESIGNATED PERSONS AND ENTITIES SUBJECT TO THE LIBYA (RESTRICTIVE MEASURES) (OVERSEAS TERRITORIES) ORDER 2011.

Tortola, British Virgin Islands – 16 June, 2011 – The British Virgin Islands Financial Services Commission (the “FSC”) wishes to advise the general public, including all regulated and other persons that they are required to comply with the requirements of The Libya (Restrictive Measures) (Overseas Territories) Order 2011 (the “Order”).
 
The Order came into force on 9 April, 2011, and was made as a result of the United Nations Security Council Resolution 1970 (2011) adopted on 26 February, 2011, and Resolution 1973 (2011) adopted on 17 March, 2011 which called upon member states to apply certain measures to give effect to decisions of that Council in relation to Libya. As indicated in the Explanatory Note, the Order introduces restrictive measures in respect of Libya as a result of the continuing serious violations of human rights and international humanitarian law in that country. 

The measures in the Order include a prohibition on the supply or export of arms and related material and equipment that may be used for internal repression to Libya, and a prohibition on making available funds, financial assets or economic resources to designated persons and entities and the freezing of their funds, financial assets or economic resources. The Order is extended to the Virgin Islands by virtue of Schedules 1 and 2 of the Order.
 
The full list of designated persons to which the Order applies is reproduced below:
 
Annex II to United Nations Security Council Resolution 1973 (2011)
S/RES/1973 (2011)
 
Asset freeze - Individuals
1. Dorda, Abu Zayd Umar  
Position: Director, External Security Organisation
 
2. Jabir, Major General Abu Bakr Yunis
Position: Defence Minister. Title: Major General. DOB: --/--/1952. POB: Jalo, Libya.
 
3. Matuq, Matuq Mohammed
Position: Secretary for Utilities. DOB: --/--/1956. POB: Khoms, Libya.
 
4. Qadhafi, Mohammed Muammar
Son of Col. Muammar Qadhafi. Closeness of association with Libyan regime.
DOB: --/--/1970. POB: Tripoli, Libya.
 
5. Qadhafi, Saadi
Commander Special Forces. Son of Col. Muammar Qadhafi. Closeness of association with Libyan regime.
Command of military units involved in repression of demonstrations.
DOB: 25/05/1973. POB: Tripoli, Libya.
 
6. Qadhafi, Saif al-Arab
Son of Col. Muammar Qadhafi. Closeness of association with Libyan regime.
DOB: --/--/1982. POB: Tripoli, Libya.
 
7. Al-Senussi, Colonel Abdullah
Position: Director Military Intelligence.
Title: Colonel. DOB: --/--/1949. POB: Sudan.
Asset freeze - Entities
 
1. Central Bank of Libya
Under control of Col. Muammar Qadhafi and his family, and potential source of funding for his regime.
 
2. Libyan Investment Authority
Under control of Col. Muammar Qadhafi and his family, and potential source of funding for his regime.
a.k.a: Libyan Arab Foreign Investment Company (LAFICO)
Address: 1 Fateh Tower Office, No 99 22nd Floor, Borgaida Street, Tripoli, Libya, 1103.
 
3. Libyan Foreign Bank
Under control of Col. Muammar Qadhafi and his family, and a potential source of funding for his regime.
 
4. Libyan Africa Investment Portfolio
Under control of Col. Muammar Qadhafi and his family, and potential source of funding for his regime.
Address: Jamahiriya Street, LAP Building, PO Box 91330, Tripoli, Libya.

5. Libyan National Oil Corporation
Under control of Col. Muammar Qadhafi and his family, and potential source of funding for his regime.