The Financial Sanctions Unit (official webpage) of the Bank of England administers financial sanctions in the United Kingdom on behalf of HM Treasury. It has been in operation since before 1993 when it applied sanctions against the Government of Libya. More recently, since Libya became an ally of the United Kingdom, sanctions have been applied against those who allegedly fought against the Government of Libya at the time it was not an ally (see Incidents which have involved the Financial Sanctions Unit). Responsibility for the administration of Financial Sanctions in the UK transferred from the Bank of England to HM Treasury on 24 October 2007.
... Libyan Islamic Fighting Group - Sanctions applied on 7 February 2006 against five Libyans residing in the UK on the basis of incidents that occurred in the 1990s. 2006 transatlantic aircraft plot - All 19 suspects became targets of financial sanctions at the time of their arrest, thus revealing their identities ...
... and had only taken this step after the British had rejected his proposals for more moderate sanctions against Germany ... at Germany's unwillingness to pay reparations, Poincaré hoped for joint Anglo-French economic sanctions against Germany in 1922 and opposed military action ... nor the franc's 1924 collapse, which arose from French financial practices and the evaporation of reparations" ...
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