United Nations Financial Sanctions

This book provides insights into the invocation, implementation, and application of UN-approved financial sanctions, with a focus on the roles of major international actors and Japan's involvement. It is an essential guide for scholars and practitioners in Diplomacy and International Relations.

Format: Paperback / softback
Length: 232 pages
Publication date: 30 May 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into profound insights on theinvoke, implementation, and application of United Nations (UN)-approved financial sanctions, along with related issues. Authored by esteemed experts, including academics, diplomats, and UN panel experts, Yoshimura provides a comprehensive analysis of the evolution, roles, and effectiveness of UN financial sanctions. It sheds light on the significant involvement of Japan, as the third-largest economy globally, in the formulation and deployment of financial sanctions, despite its limited armed forces and pacifist constitution. This book serves as a valuable resource for scholars and practitioners in the fields of Diplomacy and International Relations, offering invaluable considerations into one of the crucial instruments of international law.

Introduction:
The United Nations (UN) has established financial sanctions as a powerful tool to enforce international law and promote peace and security. These sanctions are designed to target specific individuals, organizations, or countries that engage in activities that are deemed harmful to the international community. In recent years, the use of financial sanctions has increased significantly, with the UN imposing sanctions on a wide range of individuals and entities, including terrorist organizations, drug traffickers, and state sponsors of terrorism.

Evolution of UN Financial Sanctions:
The UN financial sanctions system has evolved over time to become more effective and efficient. Initially, the UN relied on a voluntary compliance approach, where countries were encouraged to comply with its sanctions voluntarily. However, as the use of financial sanctions increased, it became evident that voluntary compliance was not sufficient to ensure their effectiveness.

Roles of Major International Actors:
The UN financial sanctions system is administered by the Security Council, which is composed of 15 members. The Security Council is responsible for determining which individuals, organizations, or countries should be subject to sanctions and for developing the legal framework for imposing those sanctions. The United States, Russia, China, and the United Kingdom are often referred to as the "P5" countries, as they have permanent seats on the Security Council and play a significant role in shaping the UN's foreign policy.

Success of UN Financial Sanctions:
While the use of financial sanctions has been successful in achieving some of its objectives, such as disrupting terrorist networks and curbing drug trafficking, it has also faced challenges. One of the main challenges is the difficulty of enforcing financial sanctions, as they often require cooperation from multiple countries and international organizations. Additionally, some individuals and organizations may find ways to evade sanctions by using alternative financial channels or moving their assets to jurisdictions that are not subject to sanctions.

Role of Japan:
Japan, as the third-largest economy in the world, has played a significant role in the formulation and deployment of UN financial sanctions. Japan has been a strong advocate for the use of financial sanctions as a means of promoting international peace and security. In particular, Japan has been involved in the development of the UN Sanctions Committee, which is responsible for overseeing the implementation of UN financial sanctions.

Conclusion:
The use of UN financial sanctions has become an increasingly important tool in the fight against global terrorism, drug trafficking, and other forms of international crime. While there are challenges to enforcing these sanctions, they remain an essential component of the international legal framework for promoting peace and security. As the world continues to face complex and interconnected threats, it is important that the UN financial sanctions system continue to evolve and adapt to meet these challenges.

Weight: 430g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367644161