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Information relating to investigation of assets
04 April 2006
Request:
Request was for information relating to any investigation of assets held by Zimbabwean officials in the UK.
Disclosure:
The reply sets out the Treasury’s interest in the assets of Zimbabwean officials in the UK in relation to the financial sanctions imposed by Council Regulation (EC) No 310/2002 and its successor Council Regulation (EC) No 314/2004 (as amended). The Bank of England acts as the Treasury’s agent for the purpose of implementing all financial sanctions in the UK. Bank of England figures, aggregated from notifications received from commercial banks acting under the reporting obligation in the legislation, show that at present, £159,375 is frozen in the UK across 42 accounts in relation to the financial sanctions imposed by the Zimbabwe sanctions regime.
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