Case No. LI2-723

Date issued: Jan. 19 2012

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TURBOFAC Commentary (86 words)

Notes:

1) At the of the blocking of the funds transfer, which appears to have involved foreign originators and beneficiaries, the entire Government of Libya was blocked. See Libya - General License No.11. When a license unblocks property as was the case with GL 11, OFAC will not issue specific licenses for the retrieval of previously blocked funds. (See 501.801 - "It is the policy of OFAC not to grant applications for specific licenses authorizing transactions to which the provisions of a general license are applicable").