               United Nations                                                                      S/RES/1532 (2004)
               Security Council                                                  Distr.: General
                                                                                 12 March 2004




               Resolution 1532 (2004)
               Adopted by the Security Council at its 4925th meeting,
               on 12 March 2004

                    The Security Council,
                    Recalling its resolution 1521 (2003) of 22 December 2003, and its other
               previous resolutions and statements by its President on the situation in Liberia and
               West Africa,
                     Noting with concern that the actions and policies of former Liberian President
               Charles Taylor and other persons, in particular their depletion of Liberian resources,
               and their removal from Liberia and secreting of Liberian funds and property from
               that country, have undermined Liberia’s transition to democracy and the orderly
               development of its political, administrative, and economic institutions and
               resources,
                    Recognizing the negative impact on Liberia of the transfer abroad of
               misappropriated funds and assets and the need for the international community to
               ensure as soon as possible, in accordance with paragraph 6 below, the return of such
               funds and assets to Liberia,
                    Also expressing concern that former President Taylor, in collaboration with
               others still closely associated with him, continues to exercise control over and to
               have access to such misappropriated funds and property, with which he and his
               associates are able to engage in activities that undermine peace and stability in
               Liberia and the region,
                    Determining that this situation constitutes a threat to international peace and
               security in West Africa, in particular to the peace process in Liberia,
                    Acting under Chapter VII of the Charter of the United Nations,
                      1.   Decides that, to prevent former Liberian President Charles Taylor, his
               immediate family members, in particular Jewell Howard Taylor and Charles Taylor,
               Jr., senior officials of the former Taylor regime, or other close allies or associates as
               designated by the Committee established by paragraph 21 of resolution 1521 (2003)
               (hereinafter, “the Committee”) from using misappropriated funds and property to
               interfere in the restoration of peace and stability in Liberia and the sub-region, all
               States in which there are, at the date of adoption of this resolution or at any time
               thereafter, funds, other financial assets and economic resources owned or controlled


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               directly or indirectly by Charles Taylor, Jewell Howard Taylor, and Charles Taylor,
               Jr. and/or those other individuals designated by the Committee, including funds,
               other financial assets and economic resources held by entities owned or controlled,
               directly or indirectly, by any of them or by any persons acting on their behalf or at
               their direction, as designated by the Committee, shall freeze without delay all such
               funds, other financial assets and economic resources, and shall ensure that neither
               these nor any other funds, other financial assets or economic resources are made
               available, by their nationals or by any persons within their territory, directly or
               indirectly, to or for the benefit of such persons;
                     2.   Decides that the provisions of paragraph 1 above do not apply to funds,
               other financial assets and economic resources that:
                     (a) have been determined by relevant State(s) to be necessary for basic
               expenses, including payment for foodstuffs, rent or mortgage, medicines and
               medical treatment, taxes, insurance premiums, and public utility charges, or
               exclusively for payment of reasonable professional fees and reimbursement of
               incurred expenses associated with the provision of legal services, or fees or service
               charges for routine holding or maintenance of frozen funds, other financial assets
               and economic resources, after notification by the relevant State(s) to the Committee
               of the intention to authorize, where appropriate, access to such funds, other financial
               assets and economic resources and in the absence of a negative decision by the
               Committee within two working days of such notification;
                    (b) have been determined by relevant State(s) to be necessary for
               extraordinary expenses, provided that such determination has been notified by the
               relevant State(s) to the Committee and has been approved by the Committee; or
                     (c) have been determined by relevant State(s) to be the subject of a judicial
               administrative, or arbitral lien or judgement, in which case the funds, other financial
               assets and economic resources may be used to satisfy that lien or judgement
               provided that the lien or judgement: was entered prior to the date of the present
               resolution; is not for the benefit of a person referred to in paragraph 1 above or an
               individual or entity identified by the Committee; and has been notified by the
               relevant State(s) to the Committee;
                     3.   Decides that all States may allow for the addition to accounts subject to
               the provisions of paragraph 1 above of:
                    (a)   interest or other earnings due on those accounts; and
                     (b) payments due under contracts, agreements or obligations that arose prior
               to the date on which those accounts became subject to the provisions of paragraph 1
               above;
               provided that any such interest, other earnings and payments continue to be subject
               to those provisions;
                    4.    Further decides that the Committee shall:
                    (a) identify individuals and entities of the types described in paragraph 1
               above, and promptly circulate to all States a list of said individuals and entities,
               including by posting such a list on the Committee’s web site;




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     (b) maintain and regularly update and review every six months the list of
those individuals and entities identified by the Committee as being subject to the
measures set forth in paragraph 1 above;
     (c) assist States, where necessary, in tracing and freezing the funds, other
financial assets and economic resources of such individuals and entities;
      (d) seek from all States information regarding the actions taken by them to
trace and freeze such funds, other financial assets and economic resources;
      5.   Decides to review the measures imposed in paragraph 1 above at least
once a year, the first review taking place by December 22, 2004 in conjunction with
its review of the measures imposed in paragraphs 2, 4, 6 and 10 of resolution 1521
(2003), and to determine at that time what further action is appropriate;
      6.   Expresses its intention to consider whether and how to make available the
funds, other financial assets and economic resources frozen pursuant to paragraph 1
above to the Government of Liberia, once that Government has established
transparent accounting and auditing mechanisms to ensure the responsible use of
government revenue to benefit directly the people of Liberia;
     7.   Decides to remain actively seized of the matter.




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