March 14, 2012
AMLC RESOLUTION NO. 027-12
In its Memorandum dated 21 February 2012, the AMLC Secretariat (AMLCS) reported to the Council that:
On 16 December 2011, the United Nations Security Council (UNSC) Committee, established pursuant to UNSC Resolution 1970 (2011), decided to remove the following entities in the List of Individuals and Entities subject to asset freeze imposed by paragraph 17 of UNSC Resolution 1970 (2011) and paragraph 19 of UNSC Resolution 1973 (2011): DTcACa
1. Central Bank of Libya; and
2. Libyan Foreign Bank.
Central Bank of Libya and Libyan Foreign Bank were subject of AMLC Resolution No. 39-A dated 3 May 2011 directing covered institutions to submit directly to the Council reports of covered or suspicious transactions, if any, on these entities.
Rule 13.7.2 of the Revised Implementing Rules and Regulations of the Anti-Money Laundering Act of 2001, as amended, provides:
"Rule 13.7.2. Authority to Assist the United Nations and other International Organizations and Foreign States. — The AMLC is authorized under Section 7 (8) and 13 (b) and (d) of the AMLA to receive and take action...
