albawaba.com: Banks ordered to transfer $1.74 billion frozen Iraqi funds to US account

"Switzerland's leading financial institution UBS will comply with an American request to transfer million-dollar Iraqi funds, frozen under the UN sanctions imposed after the 1991 Gulf War, to a US treasury fund. The bank spokesperson who confirmed the decision refrained from specifying the exact sum involved. "

This is new to me, I wonder about the source though, let's see if anybody else picks up the story in the next few days.

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