Regulatory Alerts2002-01-01
Bank of Zambia Circular 03/2002: UN Security Council Resolutions 1267, 1333, and 1373
The Bank of Zambia directs all commercial banks to implement specific provisions of United Nations Security Council Resolutions 1267, 1333, and 1373 concerning international counter-terrorism sanctions. Institutions must immediately freeze all funds and financial assets linked to the Taliban, Usama bin Laden, and associated entities while prohibiting the provision of financial resources to these designated groups. Banks are also required to enforce aircraft travel restrictions and prevent any financial transactions that could benefit sanctioned organizations, ensuring full compliance with the cited UN mandates.
Share