According to the Al Qaida Committee’s “Assets Freeze: Explanation of Terms, the freeze of funds and other financial assets and economic resources includes preventing their use, alteration, movement, transfer or access, unless allowed under the specific exemption procedures under resolution 2161 (2014). The assets freeze, as set out in paragraph 1 (a) of resolution 2161 (2014), applies to individuals, groups, undertakings and entities whose names are referred to in the Al-Qaida Sanctions List of the Al-Qaida Sanctions Committee. It obliges Member States to: Freeze without delay the funds and other financial assets or economic resources of these individuals, groups, undertakings and entities, including funds derived from property owned or controlled directly or indirectly, by them or by persons acting on their behalf or at their direction, and ensure that neither these nor any other funds, financial assets or economic resources are made available, directly or indirectly for such persons’ benefit, or by their nationals or by persons within their territory. The purpose of the assets freeze is to deny listed individuals, groups, undertakings and entities the means to support terrorism. To achieve this it seeks to ensure that no funds, financial assets or economic resources of any kind are available to them for so long as they remain subject to the sanctions measures.

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