United Nations Security Council resolution 692, adopted on 20 May 1991, after recalling resolutions 674 (1990), 686 (1991) and 687 (1991), as well as taking the report by the Secretary-General, the council decided to establish the United Nations Compensation Commission to deal with compensation claims resulting from Iraq's invasion of Kuwait, which subsequently led to the Gulf War.
The council also decided that the Governing Council of the commission will be located in Geneva, would work to implement relevant parts of Resolution 687 (1991), and requested Member States to co-operate with it. It also asked the Governing Council to report as soon as possible on mechanisms for determining Iraq's contribution to the commission, noting that if Iraq refuses to co-operate with the Governing Council, the Security Council may reconsider the prohibition against the import of oil originating in Iraq.
Resolution 692 was adopted for 14 votes to none, with one abstention from Cuba.
See also
Gulf War
Invasion of Kuwait
Iraq–Kuwait relations
List of United Nations Security Council Resolutions 601 to 700 (1987–1991)