17 July 2003

Dear Sir / Madam,

United Nations Security Council Resolution 1483 (2003)

I am writing to inform you that the UN Security Council Committee established by resolution 661 (1990) concerning the situation between Iraq and Kuwait has recently adopted a list of 55 individuals whose assets are to be frozen pursuant to the UN Security Council Resolution 1483. That list can be found on the UN website at http://www.un.org/Docs/sc/committees/IraqKuwait/1483_lst.htm.

A press release issued by the Committee on the UN requirements regarding Iraqi assets can also be found on the UN website at http://www.un.org/News/Press/docs/2003/sc7806.doc.htm.

In Hong Kong, the legislative process for the implementation of the UN Security Council Resolution 1483 is still underway. In the meantime, you should review your records and report any transactions or relationships you have or have had with the named individuals to the Joint Financial Intelligence Unit and the HKMA. You are also advised to browse the UN website regularly for the latest information.

Yours faithfully,

D T R Carse
Deputy Chief Executive