Assets freeze

Assets freeze

The assets freeze

Scope of the assets freeze

Financial and economic assets freeze

Travel ban and assets freeze

Improving implementation of the assets freeze measures

Selected States with an automatic freeze of assets

Selected States with executive discretion to freeze assets

There is no impact of the assets freeze in Liberia.

It appears that the assets freeze has not been very effective.

There are three primary methods by which States implement the assets freeze.

This lack of information seriously complicates the implementation of the assets freeze.

Legal methods used by selected jurisdictions to freeze assets of United Nations listed persons

But the obligation on States is clear they must impose the assets freeze in full.

According to the Team's analysis, there are three primary methods by which States legally implement the assets freeze.

Switzerland will continue to freeze Nada's assets because the company and its directors remain on the Consolidated List.

Use targeted financial sanctions to freeze terrorist related assets, disrupt channels of funding, and deter supporters of terrorism.

In these systems, the State often has to present to a judge or enforcement authority sufficient evidence of a specific criminal offence to freeze (or maintain an emergency freeze) of assets.

To freeze the assets, it is sufficient that a person appears to be a suspect or is an accused.

The Banking Commission of WAEMU suspended measures to freeze the assets of individuals and entities suspected (by a country).

Pakistan relies upon its United Nations (Security Council) Act, 1948, as the basis for the assets freeze and other sanctions.

Freeze the Settlement Freeze

The first of these implementation methods guarantees that the relevant States designate and freeze the assets of parties listed by the United Nations.

Based on their resolution 1455 reports, 117 States have a clearly identified legal basis to freeze assets or otherwise prevent the financing of terrorism.

Group of Eight leaders at the Gleneagles Summit emphasized the need for further cooperation to identify, track and freeze relevant financial transactions and assets.

The Ivory Coast (United Nations Sanctions) Order 2005 implements in the United Kingdom the assets freeze imposed by paragraph 11 of resolution 1572 (2004).

Among the recommendations, the establishment of a travel ban and the freeze of assets for the violators of the arms embargo were under consideration.

Freeze

Freeze

Freeze!

In order to prompt further reporting, and to ensure the proper implementation of the assets freeze, the Team wrote to 19 States about the assets of listed individuals and entities recorded as present within their jurisdiction.

This work is directly relevant to the implementation of the financial and economic assets freeze upon Al Qaida, the Taliban and associated individuals and entities.

Other countries, such as Pakistan, implement the assets freeze automatically after each United Nations listing on the basis of their original United Nations participation legislation.

The Team notes that the States that implement the assets freeze most effectively generally tend to be involved in a range of related international action.

Pursuant to section V of the present report, the Team offers the following summaries of the assets freeze mechanisms of certain selected States and territories.a

The Committee notes that there seems to be a general misunderstanding in some Member States that national criminal proceedings are necessary in order to freeze assets.

The report concludes with an analysis of financial issues relevant to the Panel's mandate and an assessment of the implementation and effectiveness of the assets freeze.

However, it should be noted that, in order for Costa Rica to freeze assets, a judicial decision must be handed down by the competent judicial authority.

Moreover, there have, unfortunately, not been any significant moves by the Palestinian Authority to freeze terrorist organizations' assets, prosecute their members or police them in any way.

The 1267 Committee designations require Member States to freeze the assets and ban the travel of those on the list and to forbid arms sales to them.

Another Council regulation is being prepared and relates to the freeze on assets of persons designated by the Committee pursuant to paragraph 11 of resolution 1572 (2004).

An analysis of States' efforts to apply the assets freeze indicates that many do it well, some do it adequately and others struggle to implement the measures.

The International Emergency Economic Powers Act (50 USC sects. 1701 1707) authorizes the President to designate parties and freeze their assets during periods of declared national emergencies.

We'll freeze vegetables.