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The Anti-Money Laundering Council (AMLC) has issued Targeted Financial Sanctions (TFS) related to Proliferation of Weapons of Mass Destruction and Proliferation Financing, effective 1 February 2021:


UNSCR 1718 List (accessed 1 February 2021)
List in alphabetical order
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List by permanent reference number
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UNSCR 2231 List (accessed 1 February 2021)
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List by permanent reference number
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PROCEDURE FOR DELISTING

 

 

 

 For petitioners choosing to submit a petition to the Focal Point for Delisting, the relevant procedure can be accessed here

 If the petitioner submits the petition to the State of residence or nationality, the following procedure should be followed: 

1. The State to which a petition is submitted (the petitioned State) should review all relevant information and then approach bilaterally the designating State(s) to seek additional information and to hold consultations on the delisting request;

2. The designating State(s) may also request additional information from the petitioner’s State of nationality or residence. The petitioned and the designating State(s) may, as appropriate, consult with the Chair during the course of any such bilateral consultations;

3. If, after reviewing any additional information, the petitioned State wishes to pursue a delisting request, it should seek to persuade the designating State(s) to submit jointly or separately a request for delisting to the Committee. The petitioned State may, without an accompanying request from the designating State(s), submit a request for delisting to the Committee.

In accordance with Section 5 of the Committee Guidelines, the Committee will consider all complete delisting requests.

If the Committee approves the delisting requests, the Secretariat shall update the 1718 Sanctions List accordingly.

PROCEDURE FOR ASSETS FREEZE

The exemptions from the assets freeze are provided for by the following:

1. Security Council Resolution 1718 (2006): paragraph 9

2. Security Council Resolution 2270 (2016): paragraph 32

3. Security Council Resolution 2371 (2017): paragraph 26

4. Committee Guidelines: Section 11

Member States who intend to authorize, where appropriate, access to frozen funds or other financial assets or economic resources.


There are six types of exemptions to assets freeze:

1. The basic expenses exemption

Pursuant to paragraph 9 (a) of resolution 1718 (2006) and Section 11 of the Committee’s Guidelines, notifications for the basic expenses are to be submitted for Committee’s consideration. Notifications, in writing from Member States, should include intention to authorize, where appropriate, access to frozen funds or other financial assets or economic resources to cover expenses.

2. The extraordinary expenses exemption

Pursuant to paragraph 9 (b) of resolution 1718 (2006) and Section 11 of the Committee’s Guidelines, requests for the extraordinary expenses are to be submitted for Committee’s consideration and must, as appropriate, include the following information:

Recipient (name and address)
Recipient’s bank information (name and address of bank, account number)
Purpose of payment
Amount of installment
Number of installments
Payment starting date
Bank transfer or direct debit
Interests
Specific funds being unfrozen
Other information


3. The subject to judicial, administrative or arbitral lien or judgement (prior to the date of 14 October 2006)

Pursuant to paragraph 9 (c) of resolution 1718 (2006) and Section 11 of the Committee’s Guidelines, requests for financial assets and economic resources used to satisfy lien or judgement (provided that it was entered prior 14 October 2006) as subject to the judicial, administrative or arbitral lien or judgement, and is not for the benefit of a designated individual and/or entity, requires no Committee decision.

4. DPRK diplomatic missions

Paragraph 32 of resolution 2270 (2016) decides that the measures imposed by the same paragraph shall not apply with respect to funds, other financial assets and economic resources that are required to carry out activities by the DPRK’s missions to the United Nations and its specialized agencies and related organizations or other diplomatic and consular missions of the DPRK.

5. 1718 Committee case-by-case determination

Paragraph 32 of resolution 2270 (2016) decides that the measures imposed by the same paragraph shall not apply with respect to any funds, or other financial assets or economic resources that the Committee determines in advance on a case-by-case basis and which are required for the delivery of humanitarian assistance, denuclearization or any other purposes consistent with the objectives of resolution 2270 (2016).

6. Financial transactions with the DPRK Foreign Trade Bank or the Korea National Insurance Corporation

Security Council resolution 2371 (2017), adopted on 5 August 2017, the Security Council designates the Foreign Trade Bank (FTB) and the Korea National Insurance Corporation (KNIC) to be subject to the measures specified in paragraph 8 (d) of Security Council resolution 1718 (2006).

In paragraph 26 of Security Council resolution 2371 (2017), the Security Council further decides that the measures specified in paragraph 8 (d) of Security Council resolution 1718 (2006) shall not apply with respect to financial transactions with the DPRK Foreign Trade Bank or the Korea National Insurance Corporation if such transactions are solely for the operation of diplomatic or consular missions in the DPRK or humanitarian assistance activities that are undertaken by, or in coordination with, the United Nations.

Please send the requests/notifications for exemptions to the assets freeze to:

The Chair of the Committee, Her Excellency Ms. Mona Juul (Norway), through the Permanent Mission of Norway to the United Nations

With copies to:

The Secretary of the Committee, Mr. Davey McNab, Email address: This email address is being protected from spambots. You need JavaScript enabled to view it.

The Committee, through the Secretariat, will immediately acknowledge receipt of the basic expense notification. Should no negative decision be taken by the Committee within the requisite 5 working day period, the Committee, through its Chair, will inform the notifying Member State thereof. The Committee will also inform the notifying Member State if a negative decision has been taken regarding the notification.

The Committee, through its Chair, will inform the Member States requesting an exemption for extraordinary expenses about its decision.

For more information, please click the following links:


AMLC Documents

Amendments of the 2018 IRR (Regulatory Issuance A, B, and C No. 1)
Targeted Financial Sanctions (Regulatory Issuance No. 4, s 2020)
Amendments of AMLC Regulatory Issuance No 4, s 2020 (Regulatory Issuance No. 2, s 2021
Sanctions Guidelines 2020

UN Resources

Procedures for Delisting
Assets Freeze
Assets freeze exemptions