US warns banks on Libya cash transfers

The Treasury Department has warned US banks to be vigilant of transfers linked to Libya''s political leaders, as the international community mulls actions against top government officials. The department''s Financial Crimes Enforcement Network told banks to look out for "the potential increased movement of assets that may be related to the situation in Libya," in a statement released Friday.
It also told banks to monitor transactions that could be linked to diverted state assets, proceeds of bribery or other public corruption.