1267 list Sample Clauses

The "1267 list" clause refers to provisions related to the United Nations Security Council's list of individuals, groups, and entities associated with terrorism, specifically those linked to Al-Qaida and the Taliban, as established by Resolution 1267. In practice, this clause typically requires parties to ensure that they do not engage in transactions with, provide resources to, or otherwise support any person or entity named on the 1267 list. For example, a contract may prohibit payments to suppliers or subcontractors who are designated on this list. The core function of this clause is to ensure compliance with international sanctions and anti-terrorism measures, thereby reducing legal and reputational risks for the parties involved.
1267 list. Persons or entities included on the list of individuals and entities associated with Al-Qaida and/or the Taliban, which is maintained pursuant to United Nations Security Council resolution 1267, are ineligible to do business with UNFPA. No exceptions are permitted.
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Related to 1267 list

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