BANKING (FOREIGN EXCHANGE) REGULATIONS 1959
SANCTIONS AGAINST LIBYA – AMENDMENT TO THE ANNEX
EXPLANATORY STATEMENT
The Reserve Bank of Australia, following a directive from the Australian Government under the Banking (Foreign Exchange) Regulations 1959, currently administers financial sanctions against certain key persons associated with the Qadhafi regime in Libya who are not already listed by the United Nations Security Council.
The Australian Government has reviewed the list of persons and entities subject to financial sanctions and has directed the Reserve Bank to add 18 new persons and 20 new entities to the Annex of names. Details of the changes to the Annex can be found in Attachment A.
The updated Annex now contains 34 persons and 20 entities and is referred to in each of the following instruments:
(i) Direction relating to foreign currency transactions and to Libya (dated 4 March 2011) pursuant to regulation 5 of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00393). This instrument was originally published in the Commonwealth of Australia Gazette No. S34, 9 March 2011.
(ii) Variation of Exemption (dated 4 March 2011) relating to sub-regulation 6(1) of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00392). This instrument was originally published in the Commonwealth of Australia Gazette No. S35, 9 March 2011.
(iii) Variation of Exemption (dated 4 March 2011) relating to sub-regulation 8(1)(a) of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00394). This instrument was originally published in the Commonwealth of Australia Gazette No S36, 9 March.
The original instruments foresaw that the Annexes may be periodically reviewed and stated that any amendments to the Annex shall be taken as being part of the original instruments as from the date specified in the amendments. This is the first update to the Annex.
This instrument does not substantially alter the existing autonomous financial sanctions arrangements. As such, in accordance with Section 18 of the Legislative Instruments Act 2003, the Reserve Bank is satisfied that further consultation, beyond that already undertaken by the Treasury and Department of Foreign Affairs and Trade, is unnecessary.
ATTACHMENT A
This attachment provides details of the changes to the Libya Annex. 18 persons and 20 entities have been added.
NAMES THAT HAVE BEEN ADDED:
Reference No.
| Name | Details |
2011LBY0017 | Al Kuni, Colonel Amid Husain
| Governor of Ghat (South Libya) |
2011LBY0018 | Al Qadhafi, Quren Salih Quren
| Libyan Ambassador to Chad |
2011LBY0019 | Al-Barrasi, Safia Farkash | Wife of Muammar Qadhafi
|
2011LBY0020 | Al-Charif, Ibrahim Zarroug
| Minister for Social Affairs in Colonel Gaddafi’s Government
|
2011LBY0021 | Al-Gaoud, Abdelmajid
| Minister for Agriculture, Animal and Maritime Resources in Colonel Gaddafi’s Government
|
2011LBY0022 | Al-Mahmoudi, Baghdadi
| Prime Minister of Colonel Gaddafi’s Government
|
2011LBY0023 | El-Kassim Zouai, Mohamed Abou
| Secretary General of the General People’s Congress
|
2011LBY0024 | Fakhiri, Abdelkebir Mohamad
| Minister for Education, Higher Education and Research in Colonel Gaddafi’s Government |
2011LBY0025 | Farkash, Mohammed Boucharaya | Director of intelligence in External Security Office
|
2011LBY0026 | Ghanem, Shukri Muhammad
| Oil Minister and Chairman of the National Oil Company |
2011LBY0027 | Hijazi, Mohamad Mahmoud
| Minister for Health and Environment in Colonel Gaddafi’s Government
|
2011LBY0028 | Houej, Mohamad Ali
| Minister for Industry, Economy and Trade in Colonel Gaddafi’s Government
|
2011LBY0029 | Mansour, Abdallah
| Senior role in security services and former Director of Radio and Television
|
2011LBY0030 | Saleh, Bachir | Head of Cabinet of the Leader
|
2011LBY0031 | Tohami, General Khaled | Director of Internal Security Office
|
2011LBY0032 | Zarti, Mustafa | Vice chief executive of Libyan Investment Authority, board member of National Oil Corporation, head of Tamoil and vice chairman of First Energy Bank in Bahrain
|
2011LBY0033 | Zidane, Mohamad Ali
| Minister for Transport in Colonel Gaddafi’s Government
|
2011LBY0034 | Zlitni, Abdelhaziz
| Minister for Planning and Finance in Colonel Gaddafi’s Government
|
Total: 18 |
| |
ENTITIES THAT HAVE BEEN ADDED:
Reference No.
| Name | Details |
2011LBY0035 | Al-Inma Holding Company for Construction and Real Estate Developments
|
|
2011LBY0036 | Al-Inma Holding Company For Industrial Investments
|
|
2011LBY0037 | Al-Inma Holding Company for Services Investments
|
|
2011LBY0038 | Al-Inma Holding Company for Tourism Investment
| Hasan al-Mashay Street (off al-Zawiyah Street) Tel No.: (218) 213345187 Fax: +218.21.334.5188 e-mail: info@ethic.ly |
2011LBY0039 | Economic and Social Development Fund
| Qaser Bin Ghasher Road, Salaheddine Cross / P.O. Box 93599, Tripoli, Libya
|
2011LBY0040 | First Gulf Libyan Bank
| The 7th of November Street, P.O. Box 81200, Tripoli, Libya; SWIFT/BIC FGLBLYLT (Libya); Tel No. (218) 213622262; Fax No. (218) 213622205 |
2011LBY0041 | Gaddafi International Charity and Development Foundation
| P.O. Box 1101; Hay Alandalus, Jian St, Tripoli, Libya
|
2011LBY0042 | Gumhouria Bank
| Gumhouria Bank Building, Omar Al Mukhtar Avenue, Giddal Omar Al Mukhtar / P.O. Box 685, Tripoli, Libya
|
2011LBY0043 | Harouge Oil Operations (a.k.a. Harouge; a.k.a. Veba Oil Libya GMBH)
| Al Magharba Street, P.O. Box 690, Tripoli, Libya |
2011LBY0044 | Libyan Arab Airlines
| P.O. Box 2555 Haiti street Tripoli, Libya HQ Phone: +218 (21) 602 093 HQ Fax: +218 (22) 30970 |
2011LBY0045 | Libyan Arab African Investment Company (LAAICO)
| 76351 Janzour, Libya; 81370 Tripoli, Libya
|
2011LBY0046 | Libyan Holding Company for Development and Investment
|
|
2011LBY0047 | Libyan Housing and Infrastructure Board
| Tajora, Tripoli, Libya Legislation number 60/2006 by Libyan General People’s Committee
|
2011LBY0048 | Libyan Jamahirya Broadcasting Corporation
| Libya
|
2011LBY0049 | Mabruk Oil Operations
| Dat El-Emad 2, Ground Floor, PO Box 91171, Tripoli |
2011LBY0050 | National Commercial Bank
| Orouba Street, AlBayda, Libya
|
2011LBY0051 | Revolutionary Guard Corps
|
|
2011LBY0052 | Sahara Bank
| Sahara Bank Building, First of September Street, P.O. Box 270, Tripoli, Libya
|
2011LBY0053 | Waatassimou Foundation
| Tripoli
|
2011LBY0054 | Zuietina Oil Company (a.k.a. ZOC; a.k.a. Zueitina)
| Zueitina Oil Building, Sidi Issa Street, Al Dahra Area, P.O. Box 2134, Tripoli, Libya |
Total: 20 |
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