UNITED NATIONS, Nov 25: The United Nations Security Council on Monday unanimously decided to establish a new committee to continue tracking the financial assets removed from Iraq by persons connected to Saddam Hussein.

The need for a new committee came as a consequence of the expiry on 21 November of the “661 Committee” on Iraqi sanctions in accordance with Council resolution 1483 of 22 May.

The so called 661 Committee was established by the UN Security Council following the first Gulf War, to monitor UN imposed sanctions.

Monday’s resolution entrusts the new committee with updating the list of individuals connected to Mr Hussein 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.