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 Compendium of United Nations Security Council Sanctions Lists

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IQD4US
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PostSubject: Compendium of United Nations Security Council Sanctions Lists   Mon Feb 25, 2013 10:45 pm

This page contains links to the latest versions of all United Nations Security Council targeted sanctions lists. The individuals and entities included in these lists are subject to the relevant measures imposed by the Security Council, and all Member States are obliged to implement these measures in connection with listed individuals and entities. Each separate list is maintained by the relevant Security Council Committee: detailed information about each list, including a description of the relevant measures that apply, the criteria for listing, and procedures for seeking delisting or exemptions to the measures, can be found on the website of each relevant committee by following the links provided on the left side of the screen. Each separate list was established, and is now maintained, in its own unique political context. This page has been created in order to provide one point of entry on the United Nations website for each of the separate lists.

List of entities maintained by the Security Council Committee established pursuant to resolution 1518 (2003)

LIST OF ENTITIES

ESTABLISHED PURSUANT TO SECURITY COUNCIL RESOLUTION 1483 (2003)
On 21 November 2003, the Security Council Committee established pursuant to resolution 661
(1900) approved the following 5 names to the list of entities identified pursuant to paragraphs 19
and 23 of resolution 1483 (2003):

1. CENTRAL BANK OF IRAQ
Activity: Central Bank (bank of issue and controller of the banking system)
Address: Rashid Street, Baghdad, Iraq
The Central Bank of Iraq is a public institution which was directly under the authority of the
Ministry of Finance under the former regime.
The Bank, which has two branches, one at Mosul and the other at Basra, was both a bank of
issue and controller of the banking system. Until the conflict, the Governor was Dr. Issam El Moulla
HWEISH.
2. IRAQ REINSURANCE COMPANY
Activity: Reinsurance company
Address: Al Khalani Square, Baghdad, Iraq
This company is a public enterprise which enjoyed a monopoly in reinsurance. Formerly
under the authority of the Ministry of Finance, it had its headquarters in Baghdad (Al Khalani Square).
Its latest published capital (1980) was 300 million ID (Iraqi dinars). This company is part of
the Arab Insurance Federation, which has its headquarters in Cairo. The former President was
dismissed at the end of the conflict. Mr. Fouad Abdullah AZIZ succeeded him.
3. RAFIDAIN BANK
(a.k.a. AL-RAFIDAIN BANK),
Activity: General purpose bank
Address: Rashid Street, Baghdad, Iraq
The Al-Rafidain Bank is a public banking enterprise under the authority of the Ministry of
Finance.
It is the principal banking establishment in the country and the oldest. Its capital is 4 billion
ID, its reserves 9.6 billion ID and its latest known balance (2001) 20.2 billion ID. This bank has 191
branches within the country and 7 branches abroad (United Kingdom, Jordan, United Arab Emirates,
Yemen, Sudan and Egypt). It has not been possible to identify its participation, if any, in industrial or
service enterprises. The President of the Bank, Mr. Dhia AL KHAYOUN, has retained the post he

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held prior to the conflict. Mr. Hayder AL AZRI was appointed Coalition Provisional Authority
Adviser to the Bank in May 2003.
4. RASHEED BANK
(a.k.a. Al-Rashid Bank)
(a.k.a. Al-Rasheed Bank),
Activity: General purpose bank
Address: P.O. Box 7177, Haifa Street, Baghdad, Iraq
Al Masarif Street, Baghdad, Iraq
This bank is also a public institution and is under the authority of the Ministry of Finance.
It is the second largest general purpose bank in the country, in terms of its balance sheet. It
was established in 1988 and its headquarters is in Baghdad. Its capital is currently fixed at 2 billion
ID, its reserves amount to 6 billion ID and its latest balance (2001) was 15.9 billion ID. The bank has
161 branches in Iraq and is not represented abroad. Its President was dismissed after the conflict. The
current President, who was appointed recently, is Mr. Abdelhadi SADIK.
5. IRAQI AIRWAYS COMPANY
(a.k.a. Iraq Airways Company)
(a.k.a. Iraqi Airways)
(a.k.a. Iraq Airways)
(a.k.a. IAC)
(a.k.a. I.A.C.),
Other information: State-owned airline
Security Council resolution 1483 (2003) set the definition of relevant entities including:
“funds, financial assets, State bodies, corporations or agencies of the previous Iraqi Government”.
Iraqi Airways Company, as a State-owned corporation, operated under the exclusive authority
of the former Government of Iraq. One example of the relationship between the former Government
of Iraq and Iraqi Airways Company was the payment of legal expenses and costs associated with
litigation in the United Kingdom between Iraqi Airways Company and Kuwaiti Airways, by the
former Government of Iraq. Landau and Scanlon (legal representative of Iraqi Airways Company)
have not contested, nor intend to contest the legitimacy of the Iraqi Airways Company listing on the
Bank of England financial sanctions Web site, as an entity of the former Government of Iraq under the
provisions of paragraph 23 of Security Council resolution 1483. This fact in itself incontrovertibly
supports the view that the Iraqi Airways Company were/are a State-run entity of the former Iraqi
Government.
Further evidence of the former Government of Iraq’s control over Iraqi Airways Company can
be found at the appropriate entry for the entity held by the Arab Air Carriers Organization, which lists
the company as “public sector owned”. The World Tourism Organization describes the company as “a
national governmental company”. The company also established sales offices in the Middle East.
Security Council resolution 661 (1990) decided that all United Nations Member States should
“not make available to the Government of Iraq, or to any commercial, industrial or public entity
undertaking in Iraq or Kuwait, or any funds or other financial or economic resources...”. A number of

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Member States seized several aircraft belonging to the Iraqi Airways Corporation, as required by
resolution 661 (1990). These aircraft remain frozen by Member States pending their return to Iraq as
required by Security Council resolution 1483 (2003).
There is therefore sufficient evidence to support the inclusion of Iraqi Airways Company on
the list of entities established pursuant to paragraphs 19 and 23 of Security Council resolution 1483
(2003).
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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Mon Feb 25, 2013 10:49 pm

So I guess until Iraq gets Kuwait to sign off, the Ch VII stays in effect. Obviously Iraq is doing business, but I guess the money being tradeable doesn't appear to be able to happen until they request delisting or exemption.

Just thought it was interesting. CBI is still under sanction.
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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Mon Feb 25, 2013 10:52 pm

Oh - and ehre is the contact for the Iraq Sanctions:


SECURITY COUNCIL COMMITTEE ESTABLISHED PURSUANT TO RESOLUTION 1518 (2003)
Mr. David Biggs (Secretary) Tel: (212) 963-5598 E-mail: biggs@un.org Room: TB-08041A

as of January 3, 2013

http://www.un.org/sc/committees/pdf/SCSOB%20Secretariat%20Contacts.pdf
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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Tue Feb 26, 2013 9:08 am

Not sure about the Kuwait piece, I think the ultimate arbiter will be the UNSC. Reading UNSC 1483, this has to do with the freezing of funds.
Quote :
“23. Decides that all Member States in which there 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,


shall freeze without delay those funds or other
financial assets or economic resources and, unless these funds or other
financial assets or economic resources are themselves the subject of a
prior judicial, administrative, or arbitral lien or judgement,
immediately shall cause their transfer to the Development Fund for Iraq,
it being understood that, unless otherwise addressed, claims made by
private individuals or non-government entities on those transferred
funds or other financial assets may be presented to the internationally
recognized, representative government of Iraq; and decides further
that all such funds or other financial assets or economic resources
shall enjoy the same privileges, immunities, and protections as provided
under paragraph 22;


It looks like the finds were transferred to the Development Fund. By implication, some or all of those funds must have been subsequently released to Entities like the CBI and the other banks since they are doing business.

Quote :

Freezing of funds or other financial assets or economic resources:


o


Funds or other financial assets:

Financial assets and economic benefitsof every kind, including but not limited to cash, cheques, claims on money, drafts, money orders and other payment instruments; deposits with financial institutions or other entities, balances on accounts, debts and debt obligations; publicly and privately traded securities and debt instruments, including stocks and shares, certificates presenting securities, bonds, notes, warrants, debentures, derivatives contracts; interest, dividends or other income on or value accruing from or
generated by assets; credit, rights of set-off, guarantees, performance bonds or other financial commitments; letters of credit, bills of lading, bills of sale; documents evidencing an interest in funds or financial resources, and any other instrument of export-financing; and bullion.


o


Economic resources:

Assets of every kind, whether tangible or intangible, movable or immovable, which are not funds.


o


Freezing of funds:

Preventing any move, transfer, alteration, use of or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the use of the funds, including portfolio management but not including the accrual of commercially reasonable rates of interest.


o


Freezing of economic resources:
Preventing their use, including their use to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them http://www.un.org/sc/committees/1518/pdf/Non-paper.pdf

Based on the above, it MAY take a release of Chapter 7 to allow an RV to take place ... however the bolded paragraph is a little ambiguous, and there are non-legal definitions, so it's hard to say for sure.

Interesting info ... good find.

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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Tue Feb 26, 2013 11:11 am

@IQD4US wrote:
So I guess until Iraq gets Kuwait to sign off, the Ch VII stays in effect. Obviously Iraq is doing business, but I guess the money being tradeable doesn't appear to be able to happen until they request delisting or exemption.

Just thought it was interesting. CBI is still under sanction.

Hopefully by May...
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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Tue Feb 26, 2013 2:12 pm

Interesting stuff. Thanks. Although we're all just along for the ride, it's nice to be able to view the "scenery" along the way. Makes us feel like we may actually have a clue as to what's going on over there.

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PostSubject: Re: Compendium of United Nations Security Council Sanctions Lists   Wed Mar 06, 2013 3:47 pm

Looks like we might need Ch7 lifted afterall and for the budget to pass as well.
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