Security Council Committee established pursuant to resolution 1518 (2003)


LIST OF ENTITIES ESTABLISHED PURSUANT TO SECURITY COUNCIL RESOLUTION 1483 (2003)

The Security Council Committee established pursuant to resolution 661 (1990) concerning the situation between Iraq and Kuwait designated the public entities included on the list linked below pursuant to paragraphs 19 and 23 of 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. On 27 June the Committee adopted its first list of individuals. On 21 November, the Committee adopted its first list of entities. The Committee welcomes further submissions from Member States of individuals or entities, and it may identify additional individuals and entities in the future. At the same time, the Committee emphasizes that its listing of such individuals and entities is designed only to assist Member States in implementing paragraph 23, and that paragraph 23 may nevertheless cover other individuals and entities.

The Committee further emphasizes its common understanding that the obligation to freeze and immediately to cause the transfer to the Development Fund for Iraq assets of those Iraqi public entities covered by paragraph 23(a) applies only to those funds or financial assets or economic resources that were located outside of Iraq on 22 May 2003. The Committee shares the view that paragraph 23(a) can be implemented in a manner that does not impair the renewed operations of these Iraqi public entities outside of Iraq, which may assist in the reconstruction of Iraq.

In furtherance of this objective, the Committee notes that paragraph 23(a) does not require (1) the freezing of the funds, financial assets or other economic resources of these entities that are deposited with or by, or have otherwise accrued to, them after 22 May 2003, or (2) the prohibition of post-22 May transactions by these entities, provided that such assets are not otherwise covered by paragraph 23 of resolution 1483. The Committee, however, notes that the obligation to freeze and transfer the assets of the individuals or entities covered by paragraph 23(b) does apply to their assets held on or after 22 May 2003.

Following the termination of the Security Council's 661 Committee on 21 November 2003, the Council decided, by resolution 1518 (2003) of 24 November 2003, to establish a new Committee to continue to identify individuals and entities referred to in paragraphs 19 and 23 of resolution 1483 (2003).

To view the list of entities, click on the link below:

List of entities