My honourable friend the Economic Secretary to the Treasury (Ed Balls) has made the following Written Ministerial Statement.
In line with measures I announced to Parliament on 10 October regarding the strengthening of counter-terrorist financing frameworks, the Government will be seeking the agreement of the Privy Council on 14 November for the adoption of two Orders in Council concerned with giving effect to UN financial sanctions regimes against Al-Qaida and the Taliban, and North Korea. The Government strongly support international efforts to tackle abuse of financial systems and these new orders will further enhance the UK's ability to play its full part in these international actions.
Al-Qaida and Taliban (United Nations Measures) Order 2006
UN financial sanctions against persons associated with Al-Qaida and the Taliban are currently given effect in the UK through the Al-Qaida and Taliban (United Nations Measures) Order 2002. The new order will update these earlier provisions, bringing them into line with the new Terrorism (United Nations Measures) Order 2006 that came into effect on 12 October 2006.
The Al-Qaida and Taliban (United Nations Measures) Order 2006 will further strengthen our powers to freeze assets, including the property of persons listed at the United Nations under the relevant UN Security Council resolutions or who we suspect are persons acting on their behalf, and to prevent funds or economic resources being made available to them.
North Korea (United Nations Measures) Order 2006
Following North Korea's announced nuclear test, the United Nations Security Council voted unanimously on 14 October 2006 to adopt resolution 1718 (2006), which calls upon all member states to impose sanctions against North Korea's nuclear, ballistic missile and other weapons of mass destruction-related programmes. The North Korea (United Nations Measures) Order 2006 will give effect to the financial sanctions measures set out in Resolution 1718.
Consistent with the UN Security Council resolutions and with other financial sanctions legislation, both Orders in Council include provisions to allow the Treasury to license exemptions to the restrictions to meet legitimate humanitarian needs.