All states were called upon to cut the supply of financial assets and funds to the sanctioned individuals and organisations and to establish internal procedures for the monitoring of currency across borders. An Analytical Support and Sanctions Monitoring Team was established to assist the 1267 Committee in the fulfilment of its mandate for an initial period of 18 months, and would be based in New York City.[4] The Secretary-General Kofi Annan was required to appoint eight people to the monitoring team with relevant expertise.