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Entries in United States Treasury (1)

Tuesday
Apr052011

Treasury Dept. Unfreezes Moussa Koussa's Assets

KHALED DESOUKI/AFP/Getty Images(WASHINGTON) -- The Treasury Department removed sanctions Monday placed on former Libyan Foreign Minister Moussa Koussa, just weeks after they were imposed on him and other members of the regime. This comes just days after Koussa defected to London.

“As we’ve said from the beginning, these sanctions are preventative and are not intended to be permanent,” David Cohen, Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence, wrote in a blog post on the Treasury’s website.

“Koussa’s defection and the subsequent lifting of sanctions against him should encourage others within the Libyan government to make similar decisions to abandon the Qadhafi regime,” he added.

There are still 13 senior Libyan government officials under Treasury sanctions and Cohen said more names would be added “in the coming days.”

“Those who continue to serve in the Libyan government should be put on notice that Treasury will continue to aggressively identify and target senior officials for sanctions,” he wrote.

On Tuesday morning, White House Press Secretary Jay Carney told reporters, “We are in the process of identifying other senior members of Gadhafi’s circle and targeting them with sanctions.”

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