August 1, 2005 Treasury Hails Passage of UN Resolution The U.S. Department of the Treasury today praised the passage of a UN Security Counsel Resolution (UNSCR) further tightening global sanctions against the Taliban, al Qaida and Usama bin Laden. "The strengthened resolution is vital to further impede – both financially and logistically – Usama bin Laden and his followers," said Stuart Levey, Treasury's Under Secretary for the Office of Terrorism and Financial Intelligence (TFI). The resolution renews and strengthens UNSCR 1267 against the Taliban, and carries with it the consolidated list of terrorists tied to the Taliban, UBL and al Qaida. Inclusion on the 1267 Committee's list triggers international obligations on all UN member countries, requiring them to freeze the assets and prevent the travel of listed individuals and to block the sale of arms and military equipment. "This vote is a result of the U.S. Government's determination and dedication to disrupting the financial networks fueling terrorism. The State Department should be praised for its extraordinary diplomatic efforts and engagement with our international partners to help get the resolution passed at the UN," Levey continued. The Resolution sets forth a vigorous global campaign against terrorist financing by bolstering the targeted financial sanctions against terrorists and their support networks, notably by:
In addition, the resolution clearly addressed due process concerns while upholding the sanctions by:
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