Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Operation of the UK's Counter-Terrorist Asset Freezing Regime: 1 October 2019 to 31 December 2019

19 May 2020

Proposing MP
John Glen Con
Salisbury
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

This statement presents a quarterly report on the operation of the UK's Counter-Terrorist Asset Freezing Regime under TAFA 2010, covering the period from October to December 2019.

Action Requested

The report outlines the responsibilities and activities related to asset freezing regimes under UN and EU regulations, detailing designations, licensing, and compliance by OFSI during the specified quarter without proposing specific future actions.

Key Facts

  • The Treasury prepares a quarterly report as required under TAFA 2010.
  • The period covered is from 1 October to 31 December 2019.
  • Under the ISIL-AQ asset freezing regime, the UN is responsible for designations and OFSI in the UK for licensing and compliance.
  • EU Regulation (EC) 2580/2001 gives the EU responsibility for designations with OFSI handling licensing and compliance in the UK.
▸ Assessment & feedback
Summary accuracy