May 5, 2011 OFAC Actions: LIBYA2 Designations Added to OFAC’s SDN List

As of today, OFAC has added LIBYA2 designations to the Specially Designated Nationals List (SDN List):

DALIA ADVISORY LTD, 11 Upper Brook Street, London W1K 6PB, United Kingdom [LIBYA2]

LAFICO ALGERIA (a.k.a. LAFICO ALGERIA HOLDING), Street 19, Freres Addour, Bir Mourad Rais, Chafaa Adour, Algiers 16300, Algeria; Email Address laficoalgeria@hotmail.com; Telephone no. (213)(21) (541703); Telephone no. (213) (21) (541110); Fax no. (213) (21) (541704) [LIBYA2]

LAFICO ALGERIA HOLDING (a.k.a. LAFICO ALGERIA), Street 19, Freres Addour, Bir Mourad Rais, Chafaa Adour, Algiers 16300, Algeria; Email Address laficoalgeria@hotmail.com; Telephone no. (213) (21) (541703); Telephone no. (213) (21) (541110); Fax no. (213) (21) (541704) [LIBYA2]

LIBYAN JAMAHIRIYA BROADCASTING CORPORATION, POB 333, Ahsaat Street, Tripoli, Libya; Email Address info@ljbc.net; alt. Email Address info@en.ljbc.net; Website http://www.ljbc.net; alt. Website http://www.en.ljbc.net;
Telephone no. (218) (21) (4445926); Fax no. (218) (21) (3402107) [LIBYA2]

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“5/5/2011
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today identified three companies owned by the Government of Libya as subject to sanctions pursuant to Executive Order (E.O.) 13566.

E.O. 13566 blocks all property and interests in property of the Government of Libya and its agencies, instrumentalities and controlled entities within U.S. jurisdiction, whether specifically identified by OFAC or not. U.S. persons are prohibited from engaging in business with any Libyan state-owned entity. Today’s identifications are intended to aid U.S. persons and others in meeting their obligations under E.O. 13566.

“The United Nations and countries around the world are locking down the Government of Libya’s assets to prevent the Qaddhafi regime from sponsoring further bloodshed,” said OFAC Director Adam J. Szubin. “Today’s identifications name additional agencies of the Qaddhafi regime; all of their assets should be frozen.”

The following entities were identified by OFAC today as subject to sanctions pursuant to E.O. 13566:
Libyan Jamahiriya Broadcasting Corporation: Libya’s state broadcasting company, which owns several radio and television stations in Libya.
Dalia Advisory Ltd.: a London-based investment firm that is 100 percent owned by the Libyan Investment Authority (LIA), which was identified by OFAC as a Government of Libya entity on March 15, 2011.
Lafico Algeria Holdings: an Algeria-based subsidiary of the Libyan Arab Foreign Investment Company (LAFICO), which was identified by OFAC as a Government of Libya entity on March 15, 2011.​”

See OFAC’s Press Release here.

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Douglas McNabb and other members of the firm practice and write extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN List Removal.

The author of this blog is Douglas McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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