U.S. Asks Banks To Scrutinize Libya Transactions

WASHINGTON (Reuters) - The Treasury has told American banks to closely monitor transactions that may be related to unrest in Libya for any possible signs that state assets were being misappropriated.

The advisory issued late Thursday by the Treasury's Financial Crimes Enforcement Network stopped short of freezing assets or imposing other financial sanctions on Libyan leader Muammar Gaddafi or other senior officials in his regime.

(Reporting by David Lawder; Editing by James Dalgleish)

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Comments

[Maschine]

12:08 AM on 02/27/2011

Uhm hello, can I ask someone to scrutinize US Transactions. Cuz you know, i have a feeling that the US has been in Libya for quite some time now and well, kinda supported Moammar and while we are there, can we also go over the books and see how much taxpayer money was burnt in the process. i kinda get the feeling its alot of money.

Just askin.

[robert horwitz]

08:50 AM on 02/26/2011

Maybe with all that there is going on in the Middle East now there may be a chance for me to make a few bucks out of all these problems. That's right. I think I'll write the first book. "Dictators For Dummies" Don't steal too much. Do something nice for your people once and a while and don't stick around too long. Well its just a start.

[studmoose]

08:44 AM on 02/26/2011

Lybia is already on the watch list.

Every transaction should already be scrutinized by 'know your customer' regs.

[studmoose]

08:45 AM on 02/26/2011

oops. Dyslexic typing.

[phantoma]

06:27 AM on 02/26/2011

Dear, Us Treasury:
Unless you regulate banks' activities overall and set ground rules on the banking system, you cannot control how they will act in specific situations.

[ThePeacemakers]

07:11 PM on 02/25/2011

This is a short story and every word of it is HILARIOUS.