Resolutions
UNSCR 1267(1999)
The provisions for Targeted Financial Sanctions (TFS) in UNSCR 1267 and
its successor resolutions require countries to immediately freeze funds,
financial assets or economic resources of individuals and entities who
are designated by the United Nations Security Council based on such
person’s / entity’s connections with terrorism and terrorist financing.
Further, countries should ensure that no funds, financial assets or
economic resources are made available to or for the benefit of such
designated persons or entities or their beneficiaries. Accordingly,
Institutions such as Licensed Banks, Licensed Finance Companies, Stock
Brokers and Insurance Companies are obliged to have measures in place to
identify and freeze funds, financial assets or economic resources of
such designated persons and entities immediately.
UNSCR 1267 is implemented in Sri Lanka by the United Nations Regulations
No. 2 of 2012 issued under the United Nations Act, No. 45 of 1968. Under
the provisions of said regulations Secretary to the Ministry of Defense
has been appointed as the Competent Authority for the implementation of UNSCR 1267 and its successor resolutions in Sri Lanka by the Hon.
Minister of Foreign Affairs.
UNSCR 1373(2001)
UNSCR 1373 and its successor resolutions refer to
designating individuals and entities related to terrorism and terrorist
financing in national level. Accordingly, Institutions are obliged to
have measures in place to identify and freeze funds, financial assets or
economic resources of such designated persons and entities upon order by
the Competent Authority.
UNSCR 1373 is implemented in Sri Lanka by the United Nations Regulations
No. 1 of 2012 issued under the United Nations Act, No. 45 of 1968. Under
the provisions of said regulations Secretary to the Ministry of Defense
has been appointed as the Competent Authority for the implementation of UNSCR 1373 and its successor resolutions in Sri Lanka by the Hon.
Minister of Foreign Affairs.
UNSCR 1718 (2006)
The provisions for Targeted Financial Sanctions (TFS) in UNSCR 1267 and
its successor resolutions require countries to immediately freeze funds,
financial assets or economic resources of individuals and entities who
are designated by the Sanctions Committee for being involved in the
DPRK’s Weapons of Mass Destruction (WMD) program. Further, countries
should ensure that no funds, financial assets or economic resources are
made available to or for the benefit of such designated persons or
entities or their beneficiaries. Accordingly, Institutions such as
Licensed Banks, Licensed Finance Companies, Stock Brokers and Insurance
Companies are obliged to have measures in place to identify and freeze
funds, financial assets or economic resources of such designated persons
and entities immediately.
UNSCR 2231 (2015)
The provisions for Targeted Financial Sanctions (TFS) in UNSCR 2231
require countries to immediately freeze funds, financial
assets or economic resources of individuals and entities who are
designated by the United Nations Security Council Committee for being
involved in the Iran’s Weapons of Mass Destruction (WMD) program.
Further, countries should ensure that no funds, financial assets or
economic resources are made available to or for the benefit of such
designated persons or entities or their beneficiaries. Accordingly,
Institutions such as Licensed Banks, Licensed Finance Companies, Stock
Brokers and Insurance Companies are obliged to have measures in place to
identify and freeze funds, financial assets or economic resources of
such designated persons and entities immediately.
UNSCR 1624
UNSCR 2129