On December 1, 2011, OFAC issued General License No. 10 pursuant to the Libyan Sanctions Regulations, 31 CFR Part 570, and Executive Order 13566 of February 25, 2011, "Blocking Property and Prohibiting Certain Transactions Related to Libya." Subject to a requirement to report to OFAC on the release of any blocked funds, including cash, securities, bank accounts, and investment accounts, General License No. 10 unblocks all property and interests in property of Arab Turkish Bank and North African International Bank.
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