Iraq froze Saudi funds on financing charges

Butifldrm · March 16, 2019

2019/03/16 14:22

Number of readings 4
Section: Iraq

Iraq froze Saudi funds on financing charges

BAGHDAD - The Committee on the freezing of terrorist funds decided on Saturday, March 16, 2019, to freeze Saudi funds on charges of financing an organization and urging him to stop traveling.

"Based on what was approved by the sanctions committee established by Security Council resolutions 1297, 1989, 2203 for the years 1999, 2011 and 2010, the provisions of the AML / CFT Act No. 39 of 2010 and the Terrorist Assets Freeze Regulation No. 5 of the year 2019, and in accordance with the powers vested in the Committee, the Committee for the Freeze of Terrorist Funds decided to add the entry to the Consolidated List, which came from the International Sanctions Committee on Al-Qaeda and the associated individuals, groups, institutions and entities as follows:

(QDI.421) on the list of "Al-Qa'ida" sanctions and Al-Qaida organization for individuals and entities subject to freezing procedures, travel ban and arms embargo under Chapter VII of the Charter. United nations.

Second: This decision shall be implemented from the date of its issuance.

Third: To make this decision on the ministries and entities not associated with the Ministry and the provinces and all provincial councils and financial and non-financial institutions and the relevant departments for the purpose of taking appropriate action on the name referred to above.

Fourth: This decision shall be published immediately in the official gazette and the website of AML / CFT.