15 May 2006
Security Council
SC/8717

Department of Public Information • News and Media Division • New York

SECURITY COUNCIL’S 1518 COMMITTEE UPDATES LIST OF ENTITIES WHOSE FINANCIAL ASSETS

SHOULD BE TRANSFERRED TO IRAQI DEVELOPMENT FUND


The Chairman of the Security Council Committee established by resolution 1518 (2003) wishes to inform as follows:


On 12 May 2006, the Committee approved the addition of two names to its list of entities identified pursuant to paragraphs 19 and 23(b) of Security Council resolution 1483 (2003).


Paragraph 19 of resolution 1483 (2003) states that the Committee shall identify individuals and entities referred to in paragraph 23 of the same resolution.† Paragraph 23 states that all Member States shall: †freeze without delay certain funds or other financial assets or economic resources and immediately cause their transfer to the Development Fund for Iraq, unless these funds or other financial assets or economic resources are themselves the subject of a prior judicial, administrative, or arbitral lien or judgement.


The funds referred to above are: †(a) funds or other financial assets or economic resources of the previous Government of Iraq or its state bodies, corporations, or agencies, located outside Iraq as of the date of this resolution; or (b) funds or other financial assets or economic resources that have been removed from Iraq, or acquired, by Saddam Hussein or other senior officials of the former Iraqi regime and their immediate family members, including entities owned or controlled, directly or indirectly, by them or by persons acting on their behalf or at their direction.


The updated list of entities is accessible at the Committee’s website: †http://www.un.org/Docs/sc/committees/1518/1518SanctionsCommEng.htm.


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For information media • not an official record