24/11/2003
Press Release
SC/7936



Security Council

4872nd Meeting (PM)


SECURITY COUNCIL UNANIMOUSLY ADOPTS RESOLUTION ESTABLISHING


COMMITTEE TO TRACK FINANCIAL ASSETS REMOVED FROM IRAQ


The Security Council decided this afternoon to establish a Committee that would continue to track financial assets removed from Iraq by persons connected to Saddam Hussein.


By its unanimous adoption of resolution 1518 (2003), the Council determined that the mandate of the new Committee would come into effect at one second after midnight on 22 November, when the “661 Committee” on Iraq sanctions was terminated.


The specific mandate of the new Committee includes updating the list created by the earlier body.  That list consists of individuals connected to Mr. Hussein, as well as entities owned or controlled by persons acting on his behalf, or other senior officials of the former Iraqi regime or their family members.


According to this afternoon’s text, the mandate of the new Committee was subject to review, and might be expanded to include, the monitoring of member States’ compliance with the prohibition on supplying arms and related materiel to Iraq, other than that needed by the Coalition Provisional Authority.


After the vote, the representatives of the Russian Federation, Germany, France and Mexico said that although they had supported the consensus on the resolution, they had also wanted the new sanctions Committee to immediately include the continued monitoring of the arms embargo.  France’s representative added that in the absence of such a function, such monitoring should be continued by the Security Council.


The meeting began at 4:25 p.m. and adjourned at 4:35 p.m.


Following is the full text of Security Council resolution 1518 (2003):


The Security Council,


Recalling all of its previous relevant resolutions,


Recalling further its earlier decision in resolution 1483 (2003) of 22 May 2003 to terminate the Security Council Committee established pursuant to resolution 661 (1990),


Stressing the importance of all Member States fulfilling their obligations under paragraph 10 of resolution 1483 (2003),


Determining that the situation in Iraq, although improved, continues to constitute a threat to international peace and security,


Acting under Chapter VII of the Charter of the United Nations,


“1.  Decides to establish, with immediate effect, in accordance with rule 28 of its provisional rules of procedure, a Committee of the Security Council, consisting of all the members of the Council, to continue to identify pursuant to paragraph 19 of resolution 1483 (2003) individuals and entities referred to in paragraph 19 of that resolution, including by updating the list of individuals and entities that have already been identified by the Committee established pursuant to paragraph 6 of resolution 661 (1990), and to report on its work to the Council;


“2.  Decides to adopt the guidelines (reference SC/7791 IK/365 of 12 June 2003) and definitions (reference SC/7831 IK/372 of 29 July 2003) previously agreed by the Committee established pursuant to paragraph 6 of resolution 661 (1990), to implement the provisions of paragraphs 19 and 23 of resolution 1483 (2003), and further decides that the guidelines and definitions can be amended by the Committee in light of further considerations;


“3.  Decides that the mandate of the Committee referred to in paragraph 1 above will be kept under review and to consider the possible authorization of the additional task of observing Member States’ fulfilment of their obligations under paragraph 10 of resolution 1483 (2003);


“4.  Decides to remain seized of the matter.”


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