UN Order restricts Islander’s dealings with Libyan Dictator

The dealings, especially when it comes to finances between Islanders and Libyan Dictator, Muammar Al-Qadhafi, as well as some of his family, associates and businesses, have been restricted. This was reiterated recently when the British Virgin Islands Financial Services Commission (FSC) warned all and sundry, including all regulated and other persons, that they are required to comply with a United Nations Order out of a resolution which called upon member states to apply certain measures to give effect to decisions of that Council in relation to Libya.

The Order came into force on April 9, 2011, and was made as a result of the United Nations Security Council Resolution 1970 (2011) adopted on February 26, 2011, and Resolution 1973 (2011) adopted on 17 March, 2011.

The FSC emphasised that the order instructs 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, along with the freezing of their funds, financial assets or economic resources.

The persons affected include the ousted dictator and alleged war crimes colonel daughter, Aisha, and sons, Hannibal and Khamis Muammar.

The Colonel who is labelled as leader of the Revolution, Supreme Commander of Libyan Armed Forces is chief on the list.

He is accused of being responsible for ordering repression of demonstrations and human rights abuses.

Also included in the restrictive order is Al-Qadhafi Mutassim - son of the Colonel and National Security Adviser.

Another one of Colonel Al-Qadhafi’s son, Saif al-Islam, the Director of the Qadhafi Foundation, has also been listed in the restrictive order. He is accused of inflammatory public statements and encouraging violence against demonstrators.

A host of other associates of Colonel Muammar Al-Qadhafi are also included, and their assets have been frozen.

These individuals include:  Dorda, Abu Zayd Umar, Former Director of External Security Organisation; Jabir, Major General Abu Bakr Yunis the Defence Minister;  Matuq, Matuq Mohammed the   Secretary for Utilities; Al-Qadhafi, Saadi, the Commander Special Forces; Al-Qadhafi, Saif;  Al-Senussi, Colonel Abdullah, the Director Military Intelligence.

Islanders are also restricted from doing business with the Central Bank of Libya under control of Col. Muammar Al-Qadhafi and his family; the Libyan Investment Authority also known as Libyan Arab Foreign Investment Company (LAFICO); Libyan Foreign Bank; Libyan Africa Investment Portfolio; as well as the Libyan National Oil Corporation all under control of Col. Muammar Al-Qadhafi and his family listed as potential source of funding for his regime.