International Policy: Lifting Asset Freezes on Taliban-Linked Individuals
Overview
Following the UN Security Council sanctions committee's removal of three individuals designated as Taliban associates and others, Japan will lift asset freeze and related measures against them. Under the Foreign Exchange and Foreign Trade Act, these measures require the Minister of Finance and the Minister of Economy, Trade and Industry to authorize payments and other transactions to designated persons, preventing transfers of funds.
Key points
- Following the UN sanctions committee's removal of three individuals from its designation list, Japan will lift asset freeze and related measures against them.
- The measures are a mechanism to prevent transfers of funds to and from designated persons.
- Payments and other transactions to designated persons require authorization from the Minister of Finance and the Minister of Economy, Trade and Industry.
Overview
Japan has imposed asset freeze and related measures on Taliban associates and others pursuant to United Nations Security Council resolutions under the Foreign Exchange and Foreign Trade Act.
Details
Because the sanctions committee removed three individuals from its designation list, Japan will lift asset freeze and related measures against those three individuals. Details are provided in the attached document.
Under the Foreign Exchange and Foreign Trade Act, the asset freeze and related measures require authorization from the Minister of Finance and the Minister of Economy, Trade and Industry for payments and other transactions to persons designated by Ministry of Foreign Affairs notice. This prevents transfers of funds to and from those persons.