Implementation of UN sanctions

(1) Where the Security Council of the United Nations adopts a resolution under Chapter VII of the United Nations Charter, the Financial Intelligence Unit shall, without delay, issue a notice requiring reporting entities, and any other authority or entity relevant to the resolution, to take such action as may be required to give effect to a resolution, including, without limitation, directing the freezing of funds and other financial assets or economic resources of any person or seizing goods of any description. (2) Any notice issued under sub-section (1) shall include such information as the Financial Intelligence Unit considers necessary, including the following– (a) whether there is a direction to freeze funds or other assets or resources, or to seize goods of a particular description, and the obligations imposed by the direction; (b) the importance of complying with the obligations imposed by the direction; (c) information identifying all persons, entities and goods subject to the direction; or (d) information identifying a contact within Government to which the reporting entities and any other authority or entity to whom the notice is directed– (i) shall report any action it takes in response to the notice; and (ii) can direct any enquiries. (3) Where the Security Council takes any subsequent decision which has the effect of postponing, suspending or cancelling the operation of a resolution referred to in sub-section (1), in whole or in part– (a) the Financial Intelligence Unit shall, without delay, issue a notice of the decision; and (b) any notice issued under sub-section (1) shall cease to have effect or its operation shall be postponed or suspended, in whole or in part, as the case may be, in accordance with that decision.