House of Commons · Written Ministerial Statement
Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 April 2020 to 30 June 2020
14 December 2020 · Treasury
Proposed by John Glen Con Salisbury
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The UK's Counter-Terrorist Asset-Freezing Regime report covers the period from April to June 2020.
- The Treasury presents a legal obligation report under TAFA 2010 detailing implementation and enforcement activities.
- The report includes activities under the UN's ISIL-AQ asset freezing regime and the EU's CP 931 regime in the UK.
Issue summary
This statement addresses the quarterly report on the operation of the UK’s Counter-Terrorist Asset-Freezing Regime for the period from April to June 2020.
Action requested
The Treasury is fulfilling its legal obligation by presenting a report detailing the implementation and enforcement activities under TAFA 2010, including the UN's ISIL-AQ asset freezing regime and the EU’s CP 931 regime in the UK during Q2 2020.
Key facts
- The Terrorist Asset-Freezing etc. Act 2010 (TAFA 2010) mandates quarterly reports.
- The report covers the period from 1 April to 30 June 2020.
- The UN has responsibility for designations under the ISIL-AQ asset freezing regime, while OFSI handles licensing and compliance in the UK.
- The EU is responsible for designations under Regulation (EC) 2580/2001, with OFSI managing licensing and compliance in the UK.
- EU Regulation (2016/1686) allows for autonomous Al-Qaida and ISIL listings.
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