Acting under Chapter VII of the United Nations Charter, the council established a committee of the Security Council to update lists from the previous committee concerning individuals or entities connected to Saddam Hussein with immediate effect.[2] Iraqi assets located abroad would then be transferred to an account established by the Coalition Provisional Authority.[3] Finally, the mandate of the new committee would be reviewed, and possibly expanded to include monitoring compliance with an arms embargo against Iraq, other than weapons and ammunition destined for use by the Coalition Provisional Authority.