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DFAT confuses me – and maybe you, too

On Friday, DFAT removed Afriqiyah Airways from its Consolidated List (the notice didn't include the full listing being removed) and included the attached advice, which states that subsidiaries of the Libyan Investment Authority (LIA, aka Libyan Arab Foreign Invesment Company, or LAFICO) and the Libyan Arab Investment Portfolio (LAIP) were not subject to asset freezes, as of March 7, 2012. Lost in translation was the fact that Afriqiyah Airways was a subsidiary of LAIP – one quick email to the Australian authorities, and it's all fixed.

So, now you know.

Link:

DFAT guidance

 

Categories: DFAT Updates Libya Sanctions Sanctions Lists

eric9to5

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