Japan / Measures to freeze the assets of Leader Muammar Al Qadhafi, and his related entities in Libya and to prohibit the importation of weapons from Libya
TOKYO, Japan, March 10, 2011/African Press Organization (APO)/ — Following the adoption of United Nations Security Council (UNSC) resolution 1970, today, the Government of Japan implements the measures below, under the Foreign Exchange and Foreign Trade Act, based on the Cabinet approval on March 8, 2011 “Freezing of the Assets of Leader Muammar Al Qadhafi and his related entities and prohibition against importation of weapons from Libya”.
Measures to freeze the assets of Leader Al Qadhafi and his related entities
(1) Payment restriction
A license system is required for payments to Libyan Leader Muammar Al Qadhafi and the related entities and individuals (Note) designated by the Ministry of Foreign Affairs Notice (issued on March 8th).
(2) Restriction on captial transactions
A license system is required for capital transactions (i.e., contract of money deposit, trust, and loans) with the related entities and individuals.
Prohibition against importation of weapons from Libya
The Ministry of Economy, Trade and Industry Notice (import announcement) based on the Foreign Exchange and Foreign Trade Act is revised and importation of all the weapons originating or shipped from Libya is prohibited.
SOURCE
Japan – Ministry of Foreign Affairs
