Assets Freeze Current Affairs - 2019

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UNSC Blacklists Osama bin Laden’s Son Hamza

The United Nations Security Council (UNSC) has designated Hamza bin Laden, the son of slain al Qaida chief Osama bin Laden, under its sanctions list by describing him as being seen as the “most probable successor” of the group’s current leader Aiman al-Zawahiri.

UNSCs 1267 ISIL and Al-Qaeda Sanctions Committee has listed Hamza bin Laden under its sanctions list a day after the United States announced a reward of up to one million dollars for information about him.

What does Sanctions Imply?

The sanctions would result in travel ban, assets freeze and an arms embargo.

Assets Freeze

The Asset Freeze mandates all states to freeze without delay the funds and other financial assets or economic resources of designated individuals and entities.

Travel Ban

The travel ban implies preventing the entry of designated individuals into or transit by all states through their territories.

Arms Embargo

Arms embargo requires all states to prevent the direct or indirect supply, sale and transfer from their territories or by their nationals outside their territories, or using their flag vessels or aircraft, of arms and related material of all types, spare parts, and technical advice, assistance, or training related to military activities, to designated individuals and entities.

1267 ISIL (Da’esh) & Al-Qaida Sanctions Committee

The 1267 and Al-Qaeda Sanctions Committee was established under the  UNSC resolution 1267. Under the resolution 1988, the committee was renamed as Al-Qaida Sanctions Committee in 2011 and was mandated to oversee implementation of the measures against individuals and entities associated with Al-Qaida.

Further in 2017 pursuing the resolution 2368, the committee’s mandate was extended to oversee the assets freeze, travel ban and arms embargo affecting all individuals and entities on the ISIL (Da’esh). The committee was then renamed as 1267  ISIL (Da’esh) and Al-Qaida Sanctions committee.

Month: Categories: InternationalUPSC

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