The UN Security Council decided Monday to set up a new committee to continue tracking the financial assets removed from Iraq by persons connected to former Iraqi President Saddam Hussein.  

In a unanimously adopted resolution, the 15-member council agreed to establish a committee to identify individuals and entities subject to remaining sanctions pursuant to an earlier resolution lifting all sanctions except for arms embargo.

The resolution entrusts the new committee with updating the list of individuals connected to the ousted Iraqi president as well as entities owned or controlled by persons acting on his behalf, or other senior officials of the former Iraqi regime or their family members.

It also stipulates that the council will consider expanding the committee's tasks to include monitoring Member States' compliance with the prohibition on supplying arms and related materiel other than that needed by the US-led Coalition Provisional Authority.

(Xinhua News Agency November 25, 2003)