Bank Of England Details Iraqi, Kuwaiti Asset Freeze
REGULATIONS
The Bank of England has published two notices regarding its freeze on assets in Britain of Iraq and Kuwait, which affect foreign exchange transactions as well as Sterling transactions.
Both notices require financial institutions in Britain to identify and segregate bank and/or securities accounts of Iraqi and Kuwaiti institutions and private persons. This includes accounts in Britain of those institutions or individuals outside Iraq or Kuwait, which are either headquartered in or have residence
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