Cayman to Enforce Libya Sanctions

By

Cayman Islands Attorney General Samuel Bulgin

The Cayman Islands financial industry is preparing for restrictive measures to execute U.N. Security Council and European Union sanctions against a number of Libyan nationals and entities. Cayman’s Attorney General, Samuel Bulgin, who is chair of the Anti-Money Laundering Steering Group in the territory, is advising banks of the impending measures. There are now 26 individuals on a list of persons and entities targeted by the sanctions, including Muammar Gaddafi and some of his family members.

 

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