INSUBCONTINENT EXCLUSIVE:
defunct program, & and to ..
Syria & 's central bank has purchased business banks to freeze all accounts tied to people and companies linked to the ousted routine of
former President Bashar al-Assad, Reuters reported.The circular, released on Thursday, gets in touch with banks to && freeze all savings
account of business and people connected to the defunct routine,& & and to notify the reserve bank of the information of all accounts
frozen within three working days.It particularly calls on banks to freeze accounts belonging to the Katerji Group, known for its involvement
The group was run by brothers Baraa and Hussam Katerji.Baraa Katerji was eliminated in a believed Israeli strike in Syria near the Lebanese
Israel did not discuss the strike.Hussam Katerji and his services are under United States sanctions, consisting of for && facilitating
petroleum shipments and financing to the Syrian Regime,& & according to the United States Treasury website.Reuters might not reach Hussam
Katerji for comment.The Katerjis became part of a small circle of business owners near to the Assad household who rose to prominence during
the Syrian civil war, which began in 2011 after Assad&& 's government cracked down on popular protests.Assad was ousted by Islamist rebels
They have given that put in place an interim federal government and are making efforts to trace monetary circulations linked to his
regime.One banker, who spoke on condition of anonymity due to the level of sensitivity of the matter, said the reserve bank circular could
not easily be implemented given that numerous regime-linked business owners established accounts in the names of other people, or utilized
front companies.The brand-new Syrian administration had actually already carried out a general freeze on savings account after taking power
however people had the ability to challenge the choices and withdraw or move some funds.The new steps are intended to be more stringent and
targeted and help authorities collect information on regime-linked finances, said a Syrian official familiar with the matter.The post Syria
orders freeze of savings account linked to previous routine first appeared on Ariana News.
