| The Libyan Investment Authority isn’t only pursuing its interests through legal action against top global financial firms, but also lobbying the United Nations Security Council to soften an asset freeze on its funds to halt their declining value.
The LIA’s actions are sending a clear message to financial institutions eager to engage in business with the multi-billion dollar fund: tread carefully, said compliance and sanctions experts. Not only has the LIA become very litigious, but the licenses to transact with the conflict-torn and financially-sanctioned African nation are hard to get and quite restrictive, they said...............................................Full Article: Source
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