3resident installs Council of International 6anctions

3resident Desi Bouterse on Friday installed the &ouncil of International Sanctions at the 3residential 3alace. This council must make sure that no financial transactions take place which finance terror organizations or terrorists. Suriname has met one of the requirements of the 8nited Nations Sanctions &ommittees with the establishment of a &ouncil of International Sanctions. The chairwoman of the new council, &ynthia .lein, told Times of Suriname that it is important for each country to make sure that financial transactions take place in the proper manner and that terrorism does not get financing. She explained that Surinamese officials decided to install the council so that the government can keep an eye on all the service providers that are mentioned in the Anti Money Laundering Act. The council will operate under the Ministry of Foreign Affairs and will make sure that the sanctions that are imposed by the 8N Sanctions &ommittees are carried out. “It is the first time that Suriname has installed such a council. The council consists of 5 members and they will remain in office for 3 years,” said .lein.

The 8N¶s Sanctions &ommittees¶ use of mandatory sanctions is intended to apply pressure on a State or entity to comply with the objectives set by the Security &ouncil without resorting to the use of force. Sanctions thus offer the Security &ouncil an important instrument to enforce its decisions. The universal character of the 8nited Nations makes it an especially appropriate body to establish and monitor such measures. The 8N Security &ouncil has resorted to mandatory sanctions as an enforcement tool when peace has been threatened and diplomatic efforts have failed. The range of sanctions has included comprehensive economic and trade sanctions and or more targeted measures such as arms embargoes, travel bans, financial or diplomatic restrictions.