On September 28, 2001, the U.N. Security Council unanimously adopted UNSCR 1373, which requires, among other things, the freezing of terrorist assets. The Security Council’s action, in placing Resolution 1373 under Chapter VII of the U.N. Charter, signifies the urgency of its response. That chapter empowers the Security Council to enforce the terms of a resolution by use of measures ranging from economic sanctions to the use of military force on non-complying nations. UNSCR 1373 requires states to freeze the assets of terrorists and prohibit their nationals and persons within their jurisdiction from making funds, resources or financial services available to them.

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