Section 3

(1) All financial institutions shall freeze without delay the funds and other financial assets or economic resources of Al- Qaida, Usama bin Laden and the Taliban and other individuals, groups, undertakings and entities associated with them, as referred to in the Consolidated List produced by the United Nations Sanctions Committee and set out in the Second Schedule to this Order, including funds derived from property United Nations Resolutions and Conventions (Enforcement) 5 owned or controlled, directly or indirectly, by any of them or by persons acting on their behalf or at their direction. (2) No person shall make available, directly or indirectly, the afore-mentioned funds, financial assets or economic resources or any other funds, financial assets or economic resources for the benefit of any of the persons referred to in subparagraph (1) above. (3) For the purposes of this Order, the acts or activities indicating that an individual, group, undertaking, or entity is “associated with” Al-Qaida, Usama bin Laden or the Taliban include– (a) participating in the financing, planning, facilitating, preparing, or perpetrating of acts or activities by, in conjunction with, under the name of, on behalf of, or in support of; (b) supplying, selling or transferring arms and related material to; (c) recruiting for; or (d) otherwise supporting acts or activities of, Al-Qaida, Usama bin Laden or the Taliban, or any cell, affiliate, splinter group or derivative thereof. (4) All funds, financial assets or economic resources frozen pursuant to this Order shall be reported without delay with full details thereof to the Ministry of Foreign Affairs with a copy to the Director, Financial Intelligence Unit.