Freezing of Assets: Libya
The question
To ask the Chancellor of the Exchequer, if she will make it her policy to (a) publish and (b) notify the House of Commons when licences are issued for accessing frozen Libyan assets.
Answered by Lucy Rigby
Specific licensing purposes are provided for under the Libya (Sanctions) (EU Exit) Regulations 2020. Where these purposes apply and where the conditions in those grounds have been met, HM Treasury may authorise activity involving frozen assets.
OFSI releases the OFSI Annual Review each year which provides information about the number of licences issued under each regime. The figures are presented only in anonymised, aggregate form and do not provide information on individual accounts, entities or licences for confidentiality purposes.
OFSI does not publish information about individual licence applications or decisions. Details are kept confidential, save where disclosure is required by law or ordered by a court. This is to ensure and maintain confidentiality and to comply with UK data protection law. It would not be appropriate to publicise information about specific licences.
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