Sri Lanka has signed the United Nations Resolution on combatting terrorism.
Minister Prof. G.L. Peiris signed the UN Security Council Resolution 1373, which sets out strategies to combat terrorism and to control terrorist financing. The External Affairs Ministry said that it will be published in the Government Gazette shortly.
This order is based on the recommendation by the Secretary to the Ministry of Defence and Urban Development, as the Competent Authority regarding the identification of persons, groups and entities, believed on reasonable grounds to be committing, attempting to commit, facilitating or participating, in the commission of acts of terrorism.
According to this Regulation, all funds, assets and economic resources belonging to or owned by the designated persons or entities remain frozen until they are removed from the designated list. Moving, transferring or dealing with frozen assets without the permission of the Competent Authority is prohibited.
In terms of the Regulation, any person who fails to comply with an order to freeze assets is liable to heavy penalties.
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