Tuesday, August 30, 2011

Banks can not decide, the account of al-Qadhafi to freeze them

World's banks, whose obligation to request the international community is freezing the assets of the Libyan Government, faced with an unusual problem. It was found that the conduct financial audit of Arab clients is difficult, because in the world there is no uniform system of transliteration of Arab names of their own. The World Bank can not, for example, to calculate all the invoices Muammar Gaddafi. According to the newspaper The Wall Street Journal, the mere name of the leader of the Libyan Revolution, has about 100 spellings. The U.S. Treasury Department, in particular, calls al-Qadhafi Muamar Gaddafi, Muammar Gathafi, Muammar Gadhafi, Qaddafi, and even Elkaddafi. The Swiss foreign ministry to "fix" the Libyan leader, as Muammar Gheddafi, and the UN - Muammar Qadhafi. In this regard, the financiers are afraid to admit mistakes in checking accounts, the "Gazeta.Ru. "Transliteration always hampered the work of banks, but it became a real challenge for the financiers in the light of recent events", - told the judge. To reduce the error in finding the client on behalf of international banks began to use the program fuzzy logic, which offers a variety of writing queries in the same way as do search engines on the Internet. "But to be sure that nothing is missed, the bank officers to view all of the personal affairs of clients manually - the newspaper said. According to Finance Minister Libya Abdullahifida Zlitni, total overseas assets were frozen by the country's $ 120 billion package of assets of the Central Bank of Libya and Libyan investment fund includes shares in banks UniCredit and RBS, in a Fiat and FC Juventus. Libya also owns 3% of the British group Pearson, which controls one of the world's largest publisher Penguin Group and Company Financial Times Group, published by the business newspaper Financial Times. Source: RBC Daily

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