Memorandum submitted by Her Majesty's
Treasury
THE FUTURE
OF SANCTIONS
During the Committee's first evidence session
on 6 July, I agreed to provide the Committee with more information
on the implementation of targeted financial sanctions against
UNITA.
UN Security Council Resolution 1173 (1998),
adopted on 12 June 1998, required (in paragraph 11) that "all
States, except Angola, in which there are funds and financial
resources, including any funds derived or generated from property
of UNITA as an organisation or of senior officials of UNITA or
adult members of their immediate families designated pursuant
to paragraph 11 of resolution 1127 (1997), shall require all persons
and entities within their own territories holding such funds and
financial resources to freeze them and ensure that they are not
made available directly or indirectly to or for the benefit of
UNITA as an organisation or of senior officials of UNITA or adult
members of their immediate families designated pursuant to paragraph
11 of resolution 1127 (1997)".
In the UK, the Bank of England managed to trace
a number of accounts held in the same name as some of the people
designated pursuant to paragraph 11 of resolution 1127 (1997).
The Bank of England required further information in order to determine
whether these accounts were held by people on the target list,
or whether they were held by innocent individuals with the same
name. The Bank of England suspected that the latter was the case.
The Foreign and Commonwealth Office, through
the Angola Sanctions Committee at the UN, have asked the Angolan
government on a number of occasions to provide further information
regarding those on the target list (such as dates and places of
birth, passport numbers). The Angolan government has been unable
to provide this information. Consequently, the Bank of England
have been unable to verify whether any of these accounts should
be frozen. They remain unfrozen.
I hope this is helpful.
Marcello Casale
International Financial Services, Her Majesty's
Treasury
July 1999
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